Bill > HB14

This bill appropriates $250,000 from the general fund to the board of regents of New Mexico State University for the southwest technology development institute to support the development and demonstration of smart grid, micro grid, and renewable energy technologies, with any unspent funds not reverting to the general fund at the end of a fiscal year. A "smart grid" refers to an electricity network that uses digital technology to monitor and manage the flow of electricity, while a "micro grid" is a localized energy grid with defined boundaries that can operate independently from the main grid, and "renewable energy" sources are those that are naturally replenished, such as solar or wind power. This funding is intended for fiscal year 2016 and subsequent years, aiming to advance these critical energy technologies in New Mexico.