The commission shall:
A. develop and recommend policies and provide policy and program guidance for the department;
B. review, modify and approve annual updates to the state's five-year economic development plan generated by the department;
C. advise, assist and promote the department on matters relating to technology, technology-based new business development and technology commercialization projects;
D. review federal technology-based programs requiring state matching funds and authorize any expenditure or pledge of the state match fund for such programs; and
E. establish such rules and regulations for its own operations as are necessary to achieve the purposes of the Economic Development Department Act. Rules and regulations of the commission shall be adopted in the same procedural manner as rules and regulations of the department are adopted and shall be filed in accordance with the State Rules Act [Chapter 14, Article 4 NMSA 1978].
History: Laws 1983, ch. 297, § 12; 1988, ch. 81, § 6; 1991, ch. 21, § 19; 1993, ch. 101, § 5; 1994, ch. 113, § 1.
Cross references. — For state matching funds, see 9-15-19.1 NMSA 1978.
The 1994 amendment, effective May 18, 1994, deleted "economic development" preceding "department" in Subsection A; added "and" at the end of Subsection C; added present Subsection D; and redesignated former Subsection D as present Subsection E.
The 1993 amendment, effective June 18, 1993, deleted "and the tourism department" following "department" at the end of Subsection A, deleted "and tourism" following "development" in Subsection B, and, in Subsection D, deleted "and the Tourism Department Act" following "Act" at the end of the first sentence and made a minor stylistic change in the second sentence.
The 1991 amendment, effective March 27, 1991, inserted "economic development department and the tourism" in Subsection A; deleted former Subsection B, which read "assist and promote research and development projects in the state"; redesignated former Subsection C as present Subsection B and inserted "state's" therein; inserted present Subsection C; and, in Subsection D, deleted "and Tourism" following "Development" and added "and the Tourism Department Act" in the first sentence and substituted "departments" for "department" in the second sentence.
Structure 2021 New Mexico Statutes
Chapter 9 - Executive Department
Article 15 - Economic Development Department
Section 9-15-2 - Findings and purpose.
Section 9-15-4 - Department established.
Section 9-15-5 - Secretary of the economic development department; appointment.
Section 9-15-6 - Secretary; duties and general powers.
Section 9-15-7 - Secretary; additional duties.
Section 9-15-7.1 - Additional planning duties of secretary.
Section 9-15-11 - Economic development commission created; membership; duties.
Section 9-15-12 - Commission; powers and duties.
Section 9-15-12.1 to 9-15-13 - Repealed.
Section 9-15-14 - Administrative services division; duties.
Section 9-15-14.1 - New Mexico outdoor recreation division; duties; definitions.
Section 9-15-14.2 - Outdoor recreation advisory committee; creation; membership; duties.
Section 9-15-14.4 - Outdoor equity grant program; created; administration; grant criteria.
Section 9-15-14.5 - Outdoor equity grant program fund; created.
Section 9-15-15 - Department cooperation with local and regional development agencies.
Section 9-15-16 - Technology enterprise division created.
Section 9-15-17 - Director; duties.
Section 9-15-18 - Proprietary information.
Section 9-15-19 - Technology enterprise fund created.
Section 9-15-19.1 - State match fund created.
Section 9-15-19.2 - New Mexico 9000 program enterprise fund; created; purpose.
Section 9-15-21 to 9-15-27 - Repealed.
Section 9-15-29 - Definitions.
Section 9-15-30 - Mexican affairs division created; duties.
Section 9-15-30.1 - Division of international trade created; duties.
Section 9-15-31 - Director; duties.
Section 9-15-32 - Office established.
Section 9-15-34 - Duties of the department.
Section 9-15-34.1 - Business incubators; conditions for state expenditures.
Section 9-15-35 - Program created; purposes.
Section 9-15-36 - Fund created.
Section 9-15-37 - Short title.
Section 9-15-39 - Definitions.
Section 9-15-40 - Designation as the lead state agency.
Section 9-15-41 - Defense conversion; department duties.
Section 9-15-50 - Duties (Repealed effective July 1, 2028.)
Section 9-15-51.1 - Termination of agency life; delayed repeal. (Repealed effective July 1, 2028.)
Section 9-15-52 - Short title.
Section 9-15-53 - Definitions.
Section 9-15-54 - Minority business assistance program; department duties and powers.
Section 9-15-55 - Minority business assistance fund created.
Section 9-15-56 - Economic development tax incentives; guidelines.
Section 9-15-57 - Solo-worker program.
Section 9-15-58 - Sustainable economy task force; created; staff.
Section 9-15-59 - Sustainable economy task force; duties; strategic plan; reporting.