Definitions

As used in the New Mexico Research Applications Act: A. "board" means the board of directors of the research applications center; B. "department" means the economic development department; C. "research applications center" means the nonprofit corporation created pursuant to the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] and the New Mexico Research Applications Act; D. "technological innovations" includes research, development, prototype assembly, manufacturing, patenting, licensing, marketing and sale of inventions, ideas, practices, applications, processes, machines and technology and related property rights of all kinds; and E. "university" means: (1) a New Mexico educational institution named in Article 12, Section 11 of the constitution of New Mexico; (2) a community college organized pursuant to the Community College Act [Chapter 21, Article 13 NMSA 1978]; or (3) a technical and vocational institute organized pursuant to the Technical and Vocational Institute Act [Chapter 21, Article 16 NMSA 1978]. History: Laws 2009, ch. 66, § 3.