A. The board of regents of the New Mexico institute of mining and technology shall establish an institute for complex additive systems analysis.

B. The function of the institute for complex additive systems analysis is to:

(1)     offer formal degree programs that integrate components of the computer science, engineering and management departments at the New Mexico institute of mining and technology;

(2)     use joint faculty appointments and fellowships to recruit teachers from the ranks of academia, government and private industry;

(3)     perform basic research and applied research for the purpose of analyzing and understanding complex interdependent systems;

(4)     use research developed at the institute to help solve issues regarding complex interdependent systems that arise in the public and private sectors; and

(5)     stimulate commerce by serving as an information age extension service for New Mexico businesses.