Mississippi Code Title 37. Education § 37-29-303

(a) “Full-time equivalent (FTE) enrollment” means the process by which the Southern Regional Education Board (SREB) calculates FTE by taking total undergraduate semester credit hours divided by thirty (30); total undergraduate quarter hours divided by forty-five (45); total graduate semester credit hours divided by twenty-four (24); and total graduate quarter hours divided by thirty-six (36).

(b) “State funds” means all funds appropriated by the Legislature including funds from the State General Fund, Education Enhancement Fund, Budget Contingency Fund and Health Care Expendable Fund.

(c) “E & G operations” means education and general expenses of the colleges and universities.

(d) “Net enrollment” has the same meaning as ascribed to that term under Section 37-151-201.