§ 21-28-1 Short title
§ 21-28-2 Research park; purpose
§ 21-28-3 Definitions
§ 21-28-4 Research park corporations; authorization; members;
§ 21-28-5 Powers of university as related to research parks
§ 21-28-6 Powers of research park corporation
§ 21-28-7 Limitations on application of laws
§ 21-28-8 Issuance of revenue bonds
§ 21-28-9 Status of bonds
§ 21-28-10 Refunding bonds
§ 21-28-11 Trust agreements authorized
§ 21-28-12 Pledge of assets or revenues of research park corporation
§ 21-28-13 All money received from sale of bonds deemed trust funds
§ 21-28-14 Limitation of liability
§ 21-28-15 Rights of holders of bonds
§ 21-28-16 Legal investments; tax exemption
§ 21-28-17 Annual report and audit
§ 21-28-19 Gifts by persons, corporations, institutions and associations
§ 21-28-20 Conflicts of interest
§ 21-28-21 Dissolution of research park corporation
§ 21-28-22 Agreement with the state
§ 21-28-23 Work to conform to federal law when aided by federal appropriations
§ 21-28-24 Contracts involving officers or employees of educational institutions and state agencies or political subdivisions
§ 21-28-25 Transfer of technology developed by universities; officer or employee interest in private entity
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Terms Used In New Mexico Statutes > Chapter 21 > Article 28 - University Research Park and Economic Development

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.