reglab/housing_qa huggingface dataset:
NM Stat § 21-5-16 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-16 - [Permanent improvement and interest and retirement funds.]

The proceeds from the sale of said bonds shall be paid to the secretary and treasurer of said board, and shall be by him placed in a separate fund to be known as "permanent improvement fund" to be used and paid out only for the specified purposes in this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978] enumerated upon order of the board, on checks signed by the president or vice president of said board and by the secretary and treasurer thereof, except such portion thereof as may have been received on account of accrued interest on said bonds to date of delivery, which amount shall be placed in the "interest and retirement fund" for the liquidation of said bonds as hereinafter provided. The cost of preparing, advertising and selling said bonds, including any necessary expense for legal opinions thereon, shall be paid out of the proceeds of the sale of said bonds. History: 1941 Comp., § 55-2211, enacted by Laws 1949, ch. 44, § 5; 1953 Comp., § 73-23-14. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 33. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-5-17 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-17 - [Interest and retirement fund established.]

The board of regents shall at the time of issuing said bonds, establish for the payment of the principal and interest thereof a fund to be known as "interest and retirement fund" into which fund said board shall immediately place a sum not less than the amount necessary to pay the interest and maturing principal of said bonds for the ensuing twelve (12) months and annually thereafter shall continue to place in said fund a sufficient amount to pay principal and interest maturing in the succeeding twelve (12) months. History: 1941 Comp., § 55-2212, enacted by Laws 1949, ch. 44, § 6; 1953 Comp., § 73-23-15. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 266.
NM Stat § 21-5-18 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-18 - [Pledge of income for interest and retirement; leased land income.]

For the faithful and prompt payment of all interest and principal of said bonds as and when the same shall mature according to the tenor thereof, the issue thereof shall constitute an irrevocable pledge by said board of so much of each year's income from the permanent fund of the New Mexico institute for the blind [New Mexico school for the blind and visually impaired] in the hands of the treasurer of this state, as shall be necessary to provide the "interest and retirement fund" herein mentioned, for the ensuing year, and to at all times fully and faithfully keep the same in not less than the amount necessary to pay the interest and principal maturing as aforesaid; and in addition thereto the issue of said bonds shall constitute an irrevocable pledge by said board of so much of each year's income from the income and current fund derived from the lease of such of its land [lands] as remain unsold, as may be necessary to fully protect the "interest and retirement fund" for the ensuing year, and keep the same at all times in proper amount as herein provided. History: 1941 Comp., § 55-2213, enacted by Laws 1949, ch. 44, § 7; 1953 Comp., § 73-23-16. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1903, ch. 2, § 3 established the New Mexico institute for the blind. Laws 1947, ch. 183, § 1, amended this section so that it referred to the New Mexico school for the blind. The repeal and reenactment on November 8, 1960, of N.M. Const., art. XII, § 11, changed the name of the New Mexico institute for the blind to the New Mexico school for the visually handicapped. An amendment to N.M. Const., art. XII, § 11, adopted at a general election held November 2, 2004, changed the name of the New Mexico school for the visually handicapped to the New Mexico school for the blind and visually impaired. Cross references. — For establishment of interest and retirement fund, see 21-5-17 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-5-19 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-19 - [Forwarding of funds for payment of coupons and bonds.]

It shall be the duty of the secretary and treasurer of said board of regents to forward to the bank at which said bonds are payable, prior to the date on which any coupons or any principal amount of any of said bonds shall mature, out of the "interest and retirement fund" a sufficient sum of money to meet said coupons and maturing bonds as the same become due, plus any service charge which said bank shall be entitled to receive for its service. History: 1941 Comp., § 55-2214, enacted by Laws 1949, ch. 44, § 8; 1953 Comp., § 73-23-17. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 197, 198. 11 C.J.S. Bonds § 59 et seq.
NM Stat § 21-5-20 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-20 - [Funds restricted to designated purposes.]

None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended by said board for any other purposes than those for which authority is herein given to issue the same, as set forth in Section 1 [21-5-12 NMSA 1978] hereof. History: 1941 Comp., § 55-2215, enacted by Laws 1949, ch. 44, § 9; 1953 Comp., § 73-23-18. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-5-21 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-21 - [State treasurer's duty to establish interest and retirement fund.]

It is hereby made the duty of the treasurer of this state, upon receiving written notice from the secretary and treasurer of said board that it has issued bonds as provided for herein, to forthwith forward and pay over to the secretary and treasurer of said board out of the income from the permanent funds of said college, a sum sufficient to make and establish the income (interest) and retirement fund, as herein provided, and annually thereafter to pay over a sufficient amount for said purpose, to the end that said interest and retirement fund shall at all times be kept in the proper amount. In the event there should not be sufficient undistributed income from permanent funds of said institution, then said state treasurer shall use so much of the income and current fund of said institution in his hands as shall be necessary to establish and at all times maintain said interest and retirement fund. History: 1941 Comp., § 55-2216, enacted by Laws 1949, ch. 44, § 10; 1953 Comp., § 73-23-19. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-5-22 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-22 - [Authority to designate bonds in series; bonds not to exceed income for preceding fiscal year.]

In the event the board of regents aforesaid should find it advisable to issue bonds under this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978] in more than one series, or at different times, for any of the purposes aforesaid, then each series of said bonds shall be designated by the letter "A" or "B" or in some other proper designation to the end that each series shall be kept separate, and all of the requirements of this act shall apply to and be faithfully followed, done and carried out as to each of said series; provided, however, that said board of regents shall not have power to issue bonds hereunder, the aggregate interest and principal requirements for which, for any year, together with the aggregate interest and principal requirements for all outstanding bonds of such board of such institution for such year, shall exceed the amount of the income from the permanent funds and from the aforesaid income and current fund of such institution received by the state treasurer for the fiscal year next preceding the fiscal year in which any bonds of such board of such institution are authorized to be issued by resolution of the board adopted pursuant to this act. History: 1941 Comp., § 55-2217, enacted by Laws 1949, ch. 44, § 11; 1953 Comp., § 73-23-20. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-5-23 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 5 - New Mexico School for the Blind and Visually Impaired|Section 21-5-23 - [Tax exemption; security for public moneys.]

Bonds issued under the provisions of this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978], being for the sole purposes specified in Section 1 [21-5-12 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. Such bonds may be deposited as security for public moneys by depositaries thereof within the state of New Mexico. History: 1941 Comp., § 55-2218, enacted by Laws 1949, ch. 44, § 12; 1953 Comp., § 73-23-21. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 495, 526. Constitutional enumeration of subjects of tax exemption as affecting power of legislature to free government securities or property from taxation, 9 A.L.R. 436. 84 C.J.S. Taxation §§ 260, 375.
NM Stat § 21-7-1 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-1 - [Established as the state university; congressional benefits vested.]

The university of New Mexico is intended to be the state university, and as such is entitled to all the donations of land and all other benefits under all acts of congress enacted for the benefit of such educational institutions in the state. History: Laws 1889, ch. 138, § 7; C.L. 1897, § 3569; Code 1915, § 5117; C.S. 1929, § 130-901; 1941 Comp., § 55-2401; 1953 Comp., § 73-25-1. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For confirmation as state educational institution, see N.M. Const., art. XII, § 11. For acceptance of land grants, see N.M. Const., art. XII, § 12. For management and control, see N.M. Const., art. XII, § 13. Effect of misnomer in contract. — A slight misnomer of the corporation in a contract is immaterial, where the identity of the corporation appears, or can be made to appear, by parol evidence. State v. Regents of Univ. of N.M., 1927-NMSC-047, 32 N.M. 428, 258 P. 571. Law reviews. — For note, "Student Discipline Cases in State Universities of New Mexico - Procedural Due Process," see 1 N.M.L. Rev. 231 (1971). Am. Jur. 2d, A.L.R. and C.J.S. references. — 14A C.J.S. Colleges and Universities §§ 4, 35, 37, 38.
NM Stat § 21-7-2 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-2 - [Object.]

The object of the university shall be to provide the inhabitants of the state of New Mexico with the means of acquiring a thorough knowledge of the various branches of literature, science and arts. History: Laws 1889, ch. 138, § 8; C.L. 1897, § 3570; Code 1915, § 5118; C.S. 1929, § 130-902; 1941 Comp., § 55-2402; 1953 Comp., § 73-25-2. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 14A C.J.S. Colleges and Universities § 41.
NM Stat § 21-7-3 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-3 - Board of regents.

The management and control of the university of New Mexico, the care and preservation of all its property, the erection and construction of all buildings necessary for its use and the disbursements and expenditures of all money shall be vested in a board of seven regents. History: Laws 1889, ch. 138, § 9; C.L. 1897, § 3571; Code 1915, § 5119; C.S. 1929, § 130-903; 1941 Comp., § 55-2403; 1953 Comp., § 73-25-3; Laws 1987, ch. 53, § 1. ANNOTATIONSCross references. — For penalty for interest in contracts for supplies, see 21-1-35 NMSA 1978. For building and improvement bonds, see 21-7-13 NMSA 1978. For management by board of regents, see N.M. Const., art. XII, § 13. For cooperation with bureau of geology and mineral resources, see 69-1-2 NMSA 1978. Temporary provisions. — Laws 2011, ch. 76, § 1 directed the health sciences center to conduct a study of the feasibility of a program to allow qualified students to matriculate directly from a bachelor of arts degree program to dental school for a doctor of dental science or doctor of dental surgery degree. Appropriations. — Laws 2012, ch. 62, § 1, effective May 16, 2012, appropriated $1,000,000 from the tobacco settlement program fund to the board of regents of the university of New Mexico for the health sciences center for expenditure in fiscal year 2013 to conduct lung biology research focused on smoking studies, lung cancer and chronic obstructive pulmonary disease drug development under the Speaker Ben Lujan Lung Cancer Research Project. Scope of powers. — The legislature has expressly recognized the authority of institutions of higher learning to receive benefits and donations from the United States and from private individuals and corporations; to buy, sell, lease or mortgage real estate and to do all things which will be for the best interests of the institutions in the accomplishment of their purposes or objects and, therefore, the legislature lacks authority to appropriate these funds or to control the use thereof through the power of appropriation. State ex rel. Sego v. Kirkpatrick, 1974-NMSC-059, 86 N.M. 359, 524 P.2d 975. Taxpayer's suit in mandamus not allowed. — The regents of a state university owe their duties to the state of New Mexico, not to a private person, and a taxpayer has no standing to enforce by mandamus a duty owing to the public. Womack v. Regents of Univ. of N.M., 1971-NMSC-043, 82 N.M. 460, 483 P.2d 934. Regents to be ultimate authority. — In establishing the university of New Mexico, the legislature contemplated that the regents would exercise ultimate authority in the management and control of the university. 1969 Op. Att'y Gen. No. 69-104. Final action not to be delegated. — It is not within the power of the regents to delegate the right of final action to any other group or body within the university. 1969 Op. Att'y Gen. No. 69-104. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 32 to 35. 14A C.J.S. Colleges and Universities §§ 10, 11, 17.
NM Stat § 21-7-4 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-4 - [Corporate powers of board.]

The regents of the university and their successors in office shall constitute a body corporate under the name and style of, the regents of the university of New Mexico, with the right, as such, of suing and being sued, or contracting and being contracted with, of making and using a common seal and altering the same at pleasure. History: Laws 1889, ch. 138, § 11; C.L. 1897, § 3573; Code 1915, § 5120; C.S. 1929, § 130-904; 1941 Comp., § 55-2404; 1953 Comp., § 73-25-4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Extent of obligation to injured workmen. — This statute imposes upon board of regents no legal obligation to compensate financially for injuries sustained by their workmen in the course of their employment. Zamora v. Regents of Univ. of N.M., 1955-NMSC-077, 60 N.M. 41, 287 P.2d 237. Power to transfer university land. — A transfer of property owned by the university of New Mexico should be made by the board of regents. 1914 Op. Att'y Gen. No. 14-1230. The board of regents is a public corporation of this state as distinguished from a private or business corporation. 1964 Op. Att'y Gen. No. 64-54. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 3. 14A C.J.S. Colleges and Universities § 2.
NM Stat § 21-7-5 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-5 - [Annual organization meeting of board; election of officers; bond of secretary-treasurer; conditions.]

The board of regents of the university of New Mexico shall meet and organize by the election of its officers at Albuquerque, in Bernalillo county, on the second Monday in March in each year; all officers so elected shall hold their offices until their successors are duly elected and qualified. At such elections they shall elect a president and a secretary and treasurer from their number. The person so elected as secretary and treasurer shall, before entering upon the discharge of his duties as such, execute a good and sufficient bond to the state of New Mexico, with two or more sufficient sureties, residents of this state, in the penal sum of not less then twenty thousand dollars [($20,000)], conditioned for the faithful performance of his duties as such secretary and treasurer, and that he will faithfully account for and pay over to the person or persons entitled thereto all moneys which shall come into his hands as such officer, which said bond shall be approved by the governor of the state, and shall be filed with the secretary of state. History: Laws 1889, ch. 138, § 12; C.L. 1897, § 3574; Code 1915, § 5121; C.S. 1929, § 130-905; 1941 Comp., § 55-2405; 1953 Comp., § 73-25-5. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For tenure of office of state officers, see N.M. Const., art. XX, § 2. Effect on secretary-treasurer of New Mexico state university. — This section and 21-8-4 NMSA 1978 require the secretary-treasurer of the board of regents of the college of agriculture and mechanic arts (New Mexico state university) to execute a bond to the state of $20,000 before entering on the discharge of his duties. State v. Llewellyn, 1917-NMSC-031, 23 N.M. 43, 167 P. 414, cert. denied, 245 U.S. 666, 38 S. Ct. 63, 62 L. Ed. 538 (1917). Term of treasurer. — The treasurer of the board would still continue as such until the election and qualification of his successor under this section. Bowman Bank & Trust Co. v. First Nat'l Bank, 1914-NMSC-014, 18 N.M. 589, 139 P. 148. Treasurer of state university may transfer a certificate of deposit from one depository to another. State v. Llewellyn, 1917-NMSC-031, 23 N.M. 43, 167 P. 414, cert. denied, 245 U.S. 666, 38 S. Ct. 63, 62 L. Ed. 538 (1917); Bowman Bank & Trust Co. v. First Nat'l Bank, 1914-NMSC-014, 18 N.M. 589, 139 P. 148. Am. Jur. 2d, A.L.R. and C.J.S. references. — 63A Am. Jur. 2d Public Officers and Employees §§ 487, 488. Malfeasance in office, public officer's bond as subject to forfeiture for, 4 A.L.R.2d 1348. 14A C.J.S. Colleges and Universities § 14.
NM Stat § 21-7-6 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-6 - President; secretary and treasurer; duties and powers.

The president of the board of regents of the university of New Mexico shall preside at all meetings of the board, except that when the president is absent the board may appoint a president pro tem, and sign all instruments required to be executed by the board. The president shall appoint committees of the board. The secretary shall provide for attesting all instruments required to be signed by the president of the board, shall keep a true record of all the proceedings of the board and generally do all other things required of the secretary by the board. History: Laws 1889, ch. 138, § 13; C.L. 1897, § 3575; Code 1915, § 5122; C.S. 1929, § 130-906; 1941 Comp., § 55-2406; 1953 Comp., § 73-25-6; 1995, ch. 167, § 2. ANNOTATIONSCompiler's notes. — Notwithstanding the section heading, this section, as a result of the 1995 amendment, no longer provides for the office of treasurer. Cross references. — For prohibition of interest in contracts for supplies, see 21-1-35 NMSA 1978. The 1995 amendment, effective June 16, 1995, rewrote this section to the extent that a detailed comparison is impracticable. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 5, 11, 16. 14A C.J.S. Colleges and Universities §§ 15 to 17.
NM Stat § 21-7-8 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 7 - University of New Mexico|Section 21-7-8 - [Departmental organization.]

The university shall have departments, which shall be opened at such times as the board of regents deem best, for instruction in science, literature and the arts, law, medicine, engineering and such other departments and studies as the board of regents may, from time to time, decide upon, including military training and tactics. History: Laws 1889, ch. 138, § 15; C.L. 1897, § 3577; Code 1915, § 5124; C.S. 1929, § 130-908; 1941 Comp., § 55-2408; 1953 Comp., § 73-25-8. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Review and approval of actions below. — The explicit references in this section and 21-7-9 NMSA 1978 to the regents' duties and responsibilities require that the board review and approve the actions taken below in exercise of limited power of immediate government. 1969 Op. Att'y Gen. No. 69-104. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 25. 14A C.J.S. Colleges and Universities § 4.