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NM HB460

NM HB460
Bioscience Development Act


summary

Introduced
01/22/2017
In Committee
02/09/2017
Crossed Over
01/26/2017
Passed
Dead
03/18/2017

Introduced Session

2017 Regular Session

Bill Summary

AN ACT RELATING TO ECONOMIC DEVELOPMENT; ENACTING THE BIOSCIENCE DEVELOPMENT ACT; CREATING THE BIOSCIENCE AUTHORITY FUND.

AI Summary

This bill, the Bioscience Development Act, establishes the Bioscience Authority, a public-private partnership representing state government, research institutions, national laboratories, and private industry in New Mexico. The Authority's purpose is to encourage and foster economic development by attracting and growing bioscience industries and facilities in the state. The bill outlines the Authority's powers and duties, including advising policymakers, creating programs to expand bioscience opportunities, promoting legislation, and actively recruiting new bioscience companies. It also creates the Bioscience Development Fund to support the Authority's work and ensures proprietary information obtained by the Authority remains confidential. Overall, the bill aims to position New Mexico as a hub for bioscience research, development, and business growth.

Committee Categories

Justice, Labor and Employment

Sponsors (1)

Last Action

[LD 24] Referred to Senate Judiciary (on 02/09/2017)

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