Bill > SB20

This bill creates the Technology Research Collaborative Fund, which will provide grants to participating institutions, including national laboratories and post-secondary educational institutions in New Mexico, to support technology research and commercialization. The bill establishes the Technology Research Collaborative board, which will oversee the fund and approve grants based on specific criteria. The bill also appropriates $25 million from the general fund to the Technology Research Collaborative Fund, with a maximum of $5 million to be expended in any one fiscal year. Additionally, the bill repeals the New Mexico Research Applications Act.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=20&year=22