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.
Emergency clause. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.
Structure New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 30 - University Athletic Facility Funding Act
Section 21-30-1 - Short title.
Section 21-30-2 - Definitions.
Section 21-30-3 - Issuance of bonds.
Section 21-30-5 - Bonds tax exempt.
Section 21-30-6 - Authorization of surcharge and other fees; use of proceeds; transfer.
Section 21-30-7 - Collection of athletic facility surcharge; remittance to university.