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 21-30-10 – Liberal interpretation.
The University Athletic Facility Funding Act shall be liberally construed to carry out its purpose. History: Laws 2007, ch. 117, § 11. ANNOTATIONS Emergency clause. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.
Section 21-30-1 – Short title.
Sections 2 through 11 [21-30-1 to 21-30-10 NMSA 1978] of this act may be cited as the “University Athletic Facility Funding Act”. History: Laws 2007, ch. 117, § 2. ANNOTATIONS Emergency clauses. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.
Section 21-28-17 – Annual report and audit.
A. A research park corporation shall, within ninety days following the close of each fiscal year, submit an annual report of its activities for the preceding year as required by the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] or the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] under which […]
Section 21-28-18 – Repealed.
ANNOTATIONS Repeals. — Laws 1991, ch. 220, § 6 repealed 21-28-18 NMSA 1978, as enacted by Laws 1989, ch. 264, § 18, relating to investment of funds, effective June 14, 1991. For provisions of former section, see the 1990 NMSA 1978 on NMOneSource.com.
Section 21-28-19 – Gifts by persons, corporations, institutions and associations.
A. Any person or domestic corporation or association may make contributions or gifts, grants, bequests, devises or loans to a research park corporation. B. Any university or nonprofit corporation having funds available for research and development, regardless of the provisions of its charter, certificate of incorporation or other articles of organization including bylaws, may loan […]
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 […]