Bill > SB25

This bill creates the "Research Grants Closing Fund" as a non-reverting fund in the state treasury. The fund will be administered by the Higher Education Department and used to provide matching funds to researchers at public post-secondary educational institutions to help them receive research grants from public or private sources. The bill establishes a competitive application process where a review panel of experts will evaluate proposals based on research excellence. The bill also appropriates $40 million from the general fund to the Research Grants Closing Fund for expenditure in fiscal year 2023 and subsequent years.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=25&year=22