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 district court requiring athletic facility surcharge receipts to be paid to a university by a vendor shall also award interest at an annual rate of twelve percent on past due amounts, attorney fees and costs to a university.
History: Laws 2007, ch. 117, § 10.
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.