New Mexico § 9-15-19 Technology and innovation fund created

New Mexico Statutes

§ 9-15-19 — Technology and innovation fund created

New Mexico·Ch. 9 Executive Department·Art. 15 Economic Development Department

The "technology and innovation fund" is created as a nonreverting fund in the state treasury to replace the technology enterprise fund. The fund consists of distributions, appropriations, gifts, grants, donations, money from cooperative research and technology transfer agreements and income from investment of the fund. The economic development department shall administer the fund. Money in the fund is subject to appropriation by the legislature for administering the provisions of Section 2 [9-15-15.3 NMSA 1978] of this 2025 act. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of economic development or the secretary's authorized representative.

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The "technology and innovation fund" is created as a nonreverting fund in the state treasury to replace the technology enterprise fund. The fund consists of distributions, appropriations, gifts, grants, donations, money from cooperative research and technology transfer agreements and income from investment of the fund. The economic development department shall administer the fund. Money in the fund is subject to appropriation by the legislature for administering the provisions of Section 2 [9-15-15.3 NMSA 1978] of this 2025 act. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of economic development or the secretary's authorized representative.

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