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 […]
Section 21-29-4 – Commission [department] powers and duties; contracts.
A. The commission [department] may: (1) arrange with other agencies for the performance of services required by the provisions of Section 3 [21-29-3 NMSA 1978] of the WICHE Loan for Service Act; (2) sue in its own name for any balance due the state from a student on a contract; (3) cancel a contract made […]
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 21-29-5 – Fund created; method of payment.
The “WICHE loan for service fund” is created in the state treasury. All money appropriated for loans to students participating in the student exchange program of the western interstate commission on higher education [higher education department] shall be credited to the fund. All payments of principal and interest on loans made pursuant to the WICHE […]
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, […]