Section 21-28-20 – Conflicts of interest.
A. If any director, officer or employee of a research park corporation is interested either directly or indirectly or is an officer or employee of or has any ownership interest in any firm or legal entity interested directly or indirectly in any contract with the research park corporation, except for any agency, instrumentality, department or […]
Section 21-28-21 – Dissolution of research park corporation.
On termination or dissolution of a research park corporation, all rights and properties of the research park corporation shall pass to and be vested in the university which formed the research park corporation, subject to the rights of any bondholders, lienholders, creditors or ownership interests in the research park corporation. History: Laws 1989, ch. 264, […]
Section 21-28-22 – Agreement with the state.
The state does hereby pledge to and agree with the holders of any bonds or notes issued under the University Research Park and Economic Development Act that the state will not limit or alter the rights hereby vested in the research park corporation by that act to fulfill the terms of any agreement made with […]
Section 21-28-23 – Work to conform to federal law when aided by federal appropriations.
In the event of congress making appropriations for the conduct of work similar to that specified in the University Research Park and Economic Development Act, the work of the research park shall conform to the requirements imposed as the conditions for those federal appropriations in order that the work of the research park may be […]
Section 21-28-24 – Contracts involving officers or employees of educational institutions and state agencies or political subdivisions.
A research park corporation shall not enter into any contract involving services or property of a value in excess of twenty thousand dollars ($20,000) with an employee of the university or with a business in which the employee has a controlling interest, except as provided in Section 21-28-25 NMSA 1978 if the employee has a […]
Section 21-28-25 – Transfer of technology developed by universities; officer or employee interest in private entity.
A. Notwithstanding any other provision of state law, an officer or employee of a university may, subject to Subsection B of this section, apply to the university which, under policies established by the regents as provided in Subsection E of this section, may grant permission to establish and maintain a substantial interest in a research […]
Section 21-28-12 – Pledge of assets or revenues of research park corporation.
The pledge of any assets or revenues of the research park corporation to the payment of the principal of or the interest on any bonds shall be valid and binding from the time when the pledge is made, and any such assets or revenues shall immediately be subject to the lien of such pledge without […]
Section 21-28-13 – All money received from sale of bonds deemed trust funds.
All money received by a research park corporation from bonds issued under the provisions of the University Research Park and Economic Development Act shall be deemed funds to be held in trust, applied as provided in that act or transferred to other research park corporations, nonprofit corporations or the university as the research park corporation […]
Section 21-28-14 – Limitation of liability.
The members of the board of directors of a research park corporation, while acting within the scope of their authority, and any person acting in their behalf, while acting within the scope of the person’s authority, shall not be personally liable for the corporation’s obligations. History: Laws 1989, ch. 264, § 14; 1991, ch. 220, […]
Section 21-28-15 – Rights of holders of bonds.
Any holder of bonds issued under the provisions of the University Research Park and Economic Development Act or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of those bonds, except as the rights given pursuant to that act may be restricted by a trust agreement or resolution, […]