Sections 1 through 6 [6-31-1 to 6-31-6 NMSA 1978] of this act may be cited as the “Economic Development Grant Act”. History: Laws 2014, ch. 58, § 1. ANNOTATIONS Emergency clauses. — Laws 2014, ch. 58, § 8, contained an emergency clause and was approved March 10, 2014.
The purpose of the Economic Development Grant Act is to provide matching state grants to local and regional economic development agencies to expand the economic development and job-creation capacities of those agencies through employment of economic development professionals. History: Laws 2014, ch. 58, § 2. ANNOTATIONS Emergency clauses. — Laws 2014, ch. 58, § 8, […]
As used in the Economic Development Grant Act: A. “commission” means the economic development commission; and B. “department” means the economic development department. History: Laws 2014, ch. 58, § 3. ANNOTATIONS Emergency clauses. — Laws 2014, ch. 58, § 8, contained an emergency clause and was approved March 10, 2014.
A. The “economic development grant program” is created in the department. The commission shall oversee the program, and the department shall provide administrative assistance to the commission as needed. B. The commission shall: (1) establish and publish deadlines and guidelines for the submission of grant applications; (2) develop procedures for receipt, review and approval of […]
A. A local or regional economic development agency may submit an application to the commission for an economic development grant. An applying agency shall comply with deadlines and guidelines published by the commission. A grant application shall include a statement of: (1) the amount of money that the local or regional economic development agency has […]
The “economic development grant fund” is created in the state treasury. The fund consists of appropriations, gifts, grants and donations to the fund and income from investment of the fund. Money in the fund shall not revert to any other fund at the end of a fiscal year. The department shall administer the fund, and […]
