Section 21-30-4 – Athletic facility revenue bonds; full authority to issue; bonds are legal investments.
A. The University Athletic Facility Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of athletic facility revenue bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [Chapter 55 NMSA 1978] and shall not be invalid for […]
Section 21-30-5 – Bonds tax exempt.
All athletic facility revenue bonds shall be exempt from taxation by the state or any of its political subdivisions. History: Laws 2007, ch. 117, § 6. ANNOTATIONS Emergency clauses. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.
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 21-28-23 – 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 21-29-1 – 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 […]