A. The "state match fund" is created in the state treasury. Money in the fund is appropriated to the economic development department for the purpose of providing a pool of matching funds for technology-based proposals submitted to the federal government on behalf of the state. Money in the fund shall only be expended upon review and approval of the economic development commission.
B. No money in the fund appropriated to it or accruing to it in any manner shall be transferred to another fund or encumbered or dispersed in any manner except for the purposes set forth in this section; provided, money in the fund may be invested by the state treasurer in the manner provided for other state funds. Money in the fund shall revert at the end of the fiscal year.
C. Disbursements from the fund shall only be made upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary of economic development or his designee.
History: 1978 Comp., § 9-15-19.1, enacted by Laws 1994, ch. 113, § 2.
Effective dates. — Laws 1994, ch. 113 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 18, 1994, 90 days after the adjournment of the legislature.
Structure 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Section 9-15-12.1 to 9-15-13 - Repealed.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.