New Mexico Statutes 21-8-44. Public-private partnership for university campus in San
Luis Potosi, Mexico.
Terms Used In New Mexico Statutes 21-8-44
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
A. The board of regents of New Mexico state university may establish a New Mexico state university campus in San Luis Potosi, Mexico.
B. The university shall not use state funds for capital investment or make financial contributions to private investors for the operation of the San Luis Potosi campus. Student and other data from the San Luis Potosi campus shall not be used to calculate instruction and general purposes for New Mexico state university or for capital funding.
C. Any contract between New Mexico state university and any private vendor or contractor entered into pursuant to the authority granted by this section shall be subject to resolution of disputes by international arbitration or to the jurisdiction of the district court of the third judicial district of New Mexico. The university’s financial information related to the operation and financing of the San Luis Potosi campus is subject to the Audit Act N.M. Stat. Ann. § 12-6-1 to 12-6-14. Nothing in this section serves as a waiver of the Inspection of Public Records Act [N.M. Stat. Ann. Chapter 14, Article 2], the Open Meetings Act [N.M. Stat. Ann. Chapter 10, Article 15] or the Procurement Code N.M. Stat. Ann. § 13-1-28 to 13-1-199.