This fourth annual report of the New Mexico State Commission on Postsecondary Education essentially describes activities in five areas. The finance and budget review section provides a profile of public colleges and universities; branch colleges; four-year private colleges and universities; as well as outlining the actual operating expenditures for 1975-76, the capital outlay projects approved for that period, and an analytical approach to the differential funding. The section on instructional programs provides information on the academic programs in both public and private institutions, enrollment reports, and degrees awarded. A directory of proprietary institutions operating in the state is provided. Regional planning meetings and efforts at coordination are highlighted. The Commission's responsibilities for federal and special programs are detailed specifically with regard to the Section 1202-1203 of the Higher Education Amendments in the area of planning; Title I of the Higher Education Amendments in the area of community service and continuing education; and Title VI in the area of Financial Assistance for the Improvement of Undergraduate Instruction. A description of 1975-76 projects is provided. The Commission's Budget for the 1975-76 year is given. (JMF)