Chapter 21 — Chapter 21
864 sections in this chapter.
NMSA 1978, § 21-30-1 Short title
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Sections 2 through 11 [21-30-1 to 21-30-10 NMSA 1978] of this act may be cited as the "University Athletic Facility Funding Act". History: Laws 2007, ch. 117, § 2.
NMSA 1978, § 21-30-10 Liberal interpretation
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The University Athletic Facility Funding Act shall be liberally construed to carry out its purpose. History: Laws 2007, ch. 117, § 11.
NMSA 1978, § 21-30-2 Definitions
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As used in the University Athletic Facility Funding Act: A. "athletic facility revenues" means rentals, receipts, fees or other charges imposed by and paid to a university for the rights to use, operate or manage a university athletic facility by any person; B. "athletic facility…
NMSA 1978, § 21-30-3 Issuance of bonds
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A. With the approval of the higher education department and the state board of finance, pursuant to a resolution of the board of regents, a university that has imposed an athletic facility surcharge may issue athletic facility revenue bonds to pay for some or all of the costs of …
NMSA 1978, § 21-30-4 Athletic facility revenue bonds; full authority to issue;
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bonds are legal investments. A. The University Athletic Facility Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of athletic facility revenue bonds, which bonds shall have all the qualities of investment securi…
NMSA 1978, § 21-30-5 Bonds tax exempt
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All athletic facility revenue bonds shall be exempt from taxation by the state or any of its political subdivisions. History: Laws 2007, ch. 117, § 6.
NMSA 1978, § 21-30-6 Authorization of surcharge and other fees; use of
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proceeds; transfer. A. The board may establish by resolution an athletic facility surcharge of not less than five percent but not to exceed twenty-five percent of the revenues received by a vendor pursuant to each vendor contract entered into by the university. B. The athletic fa…
NMSA 1978, § 21-30-7 Collection of athletic facility surcharge; remittance to
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university. A. Upon the sale of a product or service subject to the athletic facility surcharge, a vendor shall collect the athletic facility surcharge from the purchaser of that product or service on behalf of the university and shall act as a trustee for the surcharge receipts.…
NMSA 1978, § 21-30-8 Audits
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The board shall provide by resolution a method to audit or otherwise ensure that vendors subject to the athletic facility surcharge collect and remit to the president the full amount of the surcharge receipts due to the university. History: Laws 2007, ch. 117, § 9.
NMSA 1978, § 21-30-9 Enforcement; penalties
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A. An action to enforce the imposition and collection of an athletic facility surcharge by a vendor may be brought by a university. B. A district court may issue an appropriate judgment, order or remedy to enforce the provisions of a vendor contract. C. A judgment issued by a dis…
NMSA 1978, § 21-31-1 Short title
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This act [21-31-1 to 21-31-4 NMSA 1978] may be cited as the "Student Athlete Endorsement Act". History: Laws 2021, ch. 124, § 1.
NMSA 1978, § 21-31-2 Definitions
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As used in the Student Athlete Endorsement Act: A. "post-secondary educational institution" means an academic, vocational, technical, business, professional or other school, college or university or other organization or person offering or purporting to offer courses, instruction…
NMSA 1978, § 21-31-3 Student athlete compensation
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A. A post-secondary educational institution shall not: (1) uphold any rule, requirement, standard or other limitation that prevents a student athlete of that institution from fully participating in athletics without penalty: (a) for receiving food, shelter, medical expenses or in…
NMSA 1978, § 21-31-4 Professional representation
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A post-secondary educational institution shall not interfere with or prevent a student athlete from fully participating in athletics for obtaining representation in relation to contracts or legal matters. History: Laws 2021, ch. 124, § 4; 2023, ch. 105, § 2.