Regents' Policies


UNM_Policy_Office-L communicates important policy announcements (such as policy approvals, revisions, or campus review-and-comment periods).

UNM Policy Office

MSC05 3357
1 University of New Mexico
Albuquerque, NM 87131

Physical Location:
Scholes Hall
114 A and B

Phone: (505) 277-2069

Regents' Policy Manual - Section 7.16: Financial Exigency

Adopted Date: 09-12-1996


This policy applies to University-wide fiscal operations. It does not apply to decisions concerning individual programs.


In the event the University is threatened by a serious financial crisis which jeopardizes its mission and effective operation, the Board of Regents may declare a University-wide financial exigency to be followed by reductions in University expenditures, including reductions in force, if necessary. In making a determination of financial exigency and in approving reductions in expenditures, the Board will be guided by recommendations from the President, who shall convene a special committee to advise the President on the nature and extent of the exigency and recommended courses of action.


The President may adopt administrative policies and procedures to implement this policy.


See, Policy on Academic Freedom and Tenure, Section 7, published in the Faculty Handbook, regarding the rights of tenured faculty members under financial exigency.