§ 6-31A-7 — Reporting

On or before December 1 of 2025 and of every year thereafter, the department shall provide a report to the governor, the legislative finance committee and the appropriate interim committees that study economic development regarding the administration, efficacy and performance of the Research, Development and Deployment Fund Act, including: A. projects that have been awarded funding; B. for each project, the dollar amounts awarded, the amount of non-state matching funds the project received, if applicable, and the amount of non-state funding leveraged; C. updates on the progress, performance, outcomes and impacts of each project that was awarded funding; D. total jobs created and retained in New Mexico; E. return on investment of state money spent pursuant to the Research, Development and Deployment Fund Act; F. any additional investment that was attracted to the state and state-owned businesses; and G. other relevant performance metrics, including those recommended by the board, to measure the success of the Research, Development and Deployment Fund Act and the state's investment of public money pursuant to that act.

Legislative History

Laws 2025, ch. 133, § 11.