NMMI regents put Alumni on notice

March 9, 2013 • Local News

The New Mexico Military Institute Board of Regents has issued a 30-day notice to its Alumni Association to provide audited financial statements or face banishment from campus — possibly ending a nearly 50-year partnership.

Regent president Stephen Paternoster of Albuquerque cited “failure of the association to maintain an acceptable financial accounting system” and “failure to provide audited financial statements” to NMMI as reasons for the termination of an agreement between the Institute and the association.

“While the regents indicated their disappointment at having to take such action, they said that they had to act in the best interest of NMMI and the state,” said NMMI spokesman Carl Hansen.

The Alumni Association has a Login to read more

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