The Adam Smith Center for Economic Freedom.

(1) The Adam Smith Center for Economic Freedom at Florida International University is hereby created.

(2) The goals of the center are to:

(a) Study the effect of government and free market economies on individual freedom, educational freedom, and human prosperity.

(b) Conduct and promote research on the effect of political and economic systems on human prosperity.

(c) Plan and host workshops, symposiums, and conferences to allow students, scholars, and guests to engage in civil discussion of democracy and capitalism.

(d) Provide fellowship and mentoring opportunities to students engaged in scholarly studies of the effect of political and economic systems on human prosperity.

(e) Partner with the Institute for Freedom in the Americas to support its mission, which includes promoting economic and individual freedoms as a means for advancing human progress with an emphasis on Latin America and the Caribbean.

(3) In order to carry out the purpose set forth in this section, the center is authorized to:

(a) Hire necessary faculty and staff pursuant to s. 1001.741;

(b) Enroll students;

(c) Develop curriculum and offer new courses, including honors courses, certificates, degrees, and major and minor programs;

(d) Hold events, including fundraisers;

(e) Fulfill other actions approved by the president of the university; and

(f) Generate resources based on student credit hour enrollment, in the same manner as any college within the institution.