Bill > SB177

This bill transfers significant funds from the state's general fund to various economic development-related funds and makes appropriations for specific initiatives. Specifically, it moves $9 million to the Outdoor Equity Grant Program Fund, $111 million to the Research, Development and Deployment Fund, $20 million to the Site Readiness Fund, $10 million to the Development Training Fund, and $20 million to the Local Economic Development Act Fund, with these transfers occurring in 2026 and 2027. Additionally, the bill appropriates substantial amounts for advanced energy, defense technology, bioscience, aerospace, artificial intelligence, and quantum technology initiatives, including funding for innovation hubs, venture studios, research, workforce training, and faculty endowments at universities and national laboratories, as well as for a "genesis mission" to accelerate scientific breakthroughs. It also allocates funds for public safety initiatives and marketing New Mexico's economic and tourism opportunities.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=177&year=26