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 medical laboratories; (4) bioscience-related distribution; and (5) agriculture and chemicals related to bioscience; C. 'board of directors' means the board of directors of the authority; D. 'financial assistance' means tax incentives, grants, loans and other financial benefits provided for projects to a qualified entity on terms and conditions approved by the authority; E. 'national laboratories' means Los Alamos national laboratory and Sandia national laboratories; and F. 'research institutions' means the university of New Mexico, New Mexico state university and the New Mexico institute of mining and technology. History: Laws 2017, ch. 134, § 2. ANNOTATIONSEffective dates. — Laws 2017, ch. 134 contained no effective date provision, but, pursuant to N.M. Const., art. Mexico institute of mining and technology. History: Laws 2017, ch. 134, § 2. ANNOTATIONSEffective 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 the legislature.
New Mexico Legal Code