This act [9-15E-1 to 9-15E-8 NMSA 1978] may be cited as the “Bioscience Development Act”. History: Laws 2017, ch. 134, § 1. ANNOTATIONS Effective dates. — Laws 2017, ch. 134 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 2017, 90 days after the adjournment of […]
As used in the Bioscience Development Act: A. “authority” means the New Mexico bioscience authority; B. “bioscience” means the scientific areas represented by life sciences and biotechnology that are included in the five industries recognized by the United States department of labor: (1) drugs and pharmaceuticals; (2) medical devices and equipment; (3) research testing and […]
A. The “New Mexico bioscience authority” is created as a public-private partnership, which shall be formed pursuant to the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978], representing a collaborative among state government, research institutions, national laboratories and private industry in New Mexico. The authority is administratively attached to and shall be considered an […]
A. Except as provided in Subsection B of this section, members of the board of directors are public officers subject to the provisions of the Governmental Conduct Act [Chapter 10, Article 16 NMSA 1978]. B. Members of the board of directors shall not, within one year of having served as a director, accept employment with […]
A. The authority shall: (1) advise the governor, the economic development department, the legislature and the New Mexico finance authority oversight committee on methods, proposals, programs and initiatives that may stimulate investment in bioscience industries and provide additional employment opportunities for New Mexico residents; (2) make and execute all contracts and other instruments necessary or […]
A. The executive director shall, in consultation with the board of directors, direct the affairs and business of the authority. B. The authority may contract with any other competent private or public organization or individual to assist in the fulfillment of its duties. History: Laws 2017, ch. 134, § 6. ANNOTATIONS Effective dates. — Laws […]
A. The “bioscience development fund” is created in the state treasury. Separate accounts within the fund may be created for any project. Money in the fund, subject to appropriation by the legislature, may be expended by the authority for the purposes of carrying out the provisions of the Bioscience Development Act. Any general fund balance […]
The authority shall submit a report of its activities to the governor and to the appropriate interim committees of the legislature not later than October 1 of each year. History: Laws 2017, ch. 134, § 8. ANNOTATIONS Effective dates. — Laws 2017, ch. 134 contained no effective date provision, but, pursuant to N.M. Const., art. […]
