A. The board of regents of the New Mexico institute of mining and technology shall establish an institute for complex additive systems analysis.

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B. The function of the institute for complex additive systems analysis is to:

(1)     offer formal degree programs that integrate components of the computer science, engineering and management departments at the New Mexico institute of mining and technology;

(2)     use joint faculty appointments and fellowships to recruit teachers from the ranks of academia, government and private industry;

(3)     perform basic research and applied research for the purpose of analyzing and understanding complex interdependent systems;

(4)     use research developed at the institute to help solve issues regarding complex interdependent systems that arise in the public and private sectors; and

(5)     stimulate commerce by serving as an information age extension service for New Mexico businesses.