New Mexico § 6-31A-6 Project funding awards; process; terms

New Mexico Statutes

§ 6-31A-6 — Project funding awards; process; terms

New Mexico § 6-31A-6

Ch. 6Public Finances

Art. 31AResearch, Development and Deployment Fund

This text of New Mexico § 6-31A-6 (Project funding awards; process; terms) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 6-31A-6 (2026).

Text

A. Priority shall be given to projects that:

(1)create high-quality, high-wage jobs in New Mexico;

(2)when applicable, have higher percentages of matching funds from non- public entities;

(3)demonstrate strong potential for commercialization in a target sector;

(4)support the growth of New Mexico-based companies;

(5)benefit communities that are rural or in an Indian nation, tribe or pueblo; and (6) provide opportunities for broad regional participation. B. Awards of project funding shall:

(1)allow for multiyear project periods aligned with federal or private sector grant or other non-state funding opportunity time lines;

(2)permit pre-award project spending by applicants when necessary to meet non-state grant application deadlines; provided that applicants shall use non-state fundin

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A. Priority shall be given to projects that: (1) create high-quality, high-wage jobs in New Mexico; (2) when applicable, have higher percentages of matching funds from non- public entities; (3) demonstrate strong potential for commercialization in a target sector; (4) support the growth of New Mexico-based companies; (5) benefit communities that are rural or in an Indian nation, tribe or pueblo; and (6) provide opportunities for broad regional participation. B. Awards of project funding shall: (1) allow for multiyear project periods aligned with federal or private sector grant or other non-state funding opportunity time lines; (2) permit pre-award project spending by applicants when necessary to meet non-state grant application deadlines; provided that applicants shall use non-state funding or other institutional funding for pre-award spending; and (3) provide that a certain amount of the funding may be used for an applicant's administrative costs to implement the project.