HOUSE BILL 129

47th legislature - STATE OF NEW MEXICO - first session, 2005

INTRODUCED BY

Nick L. Salazar

FOR THE ECONOMIC AND RURAL DEVELOPMENT

AND TELECOMMUNICATIONS COMMITTEE

AN ACT

MAKING AN APPROPRIATION TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR THE TECHNOLOGY RESEARCH COLLABORATIVE.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. APPROPRIATION.--

          A. Seven million nine hundred thousand dollars ($7,900,000) is appropriated from the general fund to the board of regents of New Mexico institute of mining and technology for expenditure in fiscal year 2006 for the technology research collaborative to establish advanced technology centers based on the wealth of scientific and technical talent that exists in the member institutions and to create new intellectual property, commercialize the intellectual property and create a work force to support the enterprises based on the intellectual property. The appropriation shall be allocated to the advanced technology centers in the following amounts for the following subjects of work:

                (1) two million dollars ($2,000,000) for medical technologies; 

                (2) seven hundred fifty thousand dollars ($750,000) for sustainable natural resources;

                (3) two million dollars ($2,000,000) for optics;

                (4) seven hundred fifty thousand dollars ($750,000) for security technologies;

                (5) five hundred thousand dollars ($500,000) for digital media and visualization;

                (6) one million five hundred thousand dollars ($1,500,000) for alternative fuels; and

                (7) four hundred thousand dollars ($400,000) for funding and management oversight.

          B. Any unexpended or unencumbered balance remaining at the end of fiscal year 2006 shall not revert to the general fund.

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