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 21-28-10 – Refunding bonds.
The board of directors of a research park corporation may by resolution provide for the issuance of refunding bonds to refund any outstanding bonds issued under the University Research Park and Economic Development Act, together with redemption premiums, if any, and interest accrued or to accrue thereon. Provisions governing the issuance and sale of bonds […]
Section 21-28-11 – Trust agreements authorized.
In the discretion of the research park corporation, any bonds issued under the provisions of the University Research Park and Economic Development Act may be secured by a trust agreement by and between the research park corporation and a corporate trustee, which may be a bank or trust company having trust powers within or without […]
Section 21-28-2 – Research park; purpose.
The purpose of the University Research Park and Economic Development Act is to: A. promote the public welfare and prosperity of the people of New Mexico; B. foster economic development within New Mexico; C. forge links between New Mexico’s educational institutions, business and industrial communities and government through the development of research parks on university […]
Section 21-28-3 – Definitions.
As used in the University Research Park and Economic Development Act: A. “bond” or “bonds” means any bond, note or other evidence of indebtedness; B. “regents” means: (1) in the case of an educational institution named in Article 12, Section 11 of the constitution of New Mexico, the board of regents of the institution; (2) […]
Section 21-28-4 – Research park corporations; authorization; members; terms; meetings; bylaws.
A. Any university may form, pursuant to the provisions of the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] or the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978], one or more research park corporations, separate and apart from the state and the university, to promote, develop and administer research parks […]
Section 21-28-5 – Powers of university as related to research parks.
A. The regents of each university shall have the power to implement and further the purposes of the University Research Park and Economic Development Act, including the power: (1) to establish, acquire, develop, maintain and operate research parks, including all necessary or suitable buildings, facilities and improvements, and to acquire, purchase, construct, improve, remodel, add […]