This act [71-7-1 to 71-7-7 NMSA 1978] may be cited as the “Advanced Energy Technologies Economic Development Act”. History: Laws 2004, ch. 55, § 1. ANNOTATIONS Effective dates. — Laws 2004, ch. 55 contains no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, is effective May 19, 2004, 90 days after […]
The legislature finds that advancing the development of hydrogen, fuel cell, renewable energy and energy efficiency technologies is important for the state’s economic future and energy stability, and to protect the public health of its citizens and the state’s environment. The legislature further finds that there is a need to assist in the development of […]
The Advanced Energy Technologies Economic Development Act provides funds to stimulate the market for and promote the statewide utilization of advanced energy technologies. That act further provides for a targeted program that advances the creation of a hydrogen and fuel cell industry cluster. History: Laws 2004, ch. 55, § 3. ANNOTATIONS Effective dates. — Laws […]
As used in the Advanced Energy Technologies Economic Development Act: A. “alternative fuel” means natural gas, liquefied petroleum gas, electricity, hydrogen, a fuel mixture containing not less than eighty-five percent ethanol or methanol, a fuel mixture containing not less than twenty percent vegetable oil or a water-phased hydrocarbon fuel emulsion consisting of a hydrocarbon base […]
The “clean energy grants fund” is created in the state treasury. The fund shall consist of money appropriated and transferred to the fund and tax revenues distributed to the fund by law. Earnings from investment of the fund shall be credited to the fund. Money in the fund is subject to appropriation by the legislature […]
A. The secretary shall establish the clean energy grants program to provide clean energy grants to: (1) municipalities and county governments; (2) state agencies; (3) state universities; (4) public schools; (5) post-secondary educational institutions; and (6) Indian nations, tribes and pueblos. B. The secretary may make grants from the fund for physical projects utilizing clean […]
A. The secretary of economic development, in collaboration with the department, shall establish a hydrogen and fuel cell technologies development program for the purpose of fostering the development of hydrogen and fuel cell-related commercialization and economic development in the state. The program shall include: (1) establishing a public-private partnership between the state, national laboratories, nonprofit […]
