Section 21-30-6 – Authorization of surcharge and other fees; use of proceeds; transfer.
A. The board may establish by resolution an athletic facility surcharge of not less than five percent but not to exceed twenty-five percent of the revenues received by a vendor pursuant to each vendor contract entered into by the university. B. The athletic facility surcharge shall be imposed only for the period necessary for payment […]
Section 21-30-7 – Collection of athletic facility surcharge; remittance to university.
A. Upon the sale of a product or service subject to the athletic facility surcharge, a vendor shall collect the athletic facility surcharge from the purchaser of that product or service on behalf of the university and shall act as a trustee for the surcharge receipts. A purchaser of a product or service subject to […]
Section 21-30-8 – Audits.
The board shall provide by resolution a method to audit or otherwise ensure that vendors subject to the athletic facility surcharge collect and remit to the president the full amount of the surcharge receipts due to the university. History: Laws 2007, ch. 117, § 9. ANNOTATIONS Emergency clause. — Laws 2007, ch. 117, § 12 […]
Section 21-30-9 – Enforcement; penalties.
A. An action to enforce the imposition and collection of an athletic facility surcharge by a vendor may be brought by a university. B. A district court may issue an appropriate judgment, order or remedy to enforce the provisions of a vendor contract. C. A judgment issued by a district court requiring athletic facility surcharge […]
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 21-29-1 – Short title.
This act [21-29-1 to 21-29-6 NMSA 1978] may be cited as the “WICHE Loan for Service Act”. History: Laws 1997, ch. 126, § 1. ANNOTATIONS Cross references. — For Teacher Loan for Service Act, see 21-22E-1 NMSA 1978 et seq. For the Western Regional Cooperation in Higher Education Compact, see Chapter 11, Article 10 NMSA […]
Section 21-29-2 – Definitions.
As used in the WICHE Loan for Service Act: A. “commission” [department] means the commission on higher education [higher education department]; and B. “student” means a New Mexico resident who is a graduate of a New Mexico high school or has resided in New Mexico for three consecutive years immediately preceding application to the program […]
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 21-29-3 – Student exchange program; terms of student loans; payback requirements.
A. Financial assistance by the state for the student exchange program of the western interstate commission for higher education shall be through a loan program established pursuant to this section. B. A student may receive a loan of tuition assistance on the following terms: (1) the loan shall not exceed an amount equivalent to the […]
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 […]