New Mexico § 21-1-27.2 - Technology enhancement fund created; allocations; application review panels
Full text of New Mexico New Mexico Statutes Annotated § 21-1-27.2 — Technology enhancement fund created; allocations; application review panels, with citation guidance and answers to common questions.
§ 21-1-27.2. Technology enhancement fund created; allocations; application review panels
A. The “technology enhancement fund” is created in the state treasury. The fund shall consist of appropriations, income from investment of the fund, gifts,
grants, donations and bequests. Money in the fund shall not revert at the end of any fiscal year. The fund shall be administered by the higher education department. 1 Money in the fund shall be used to provide matching funds to state research universities
to support innovative applied research that advances knowledge and creates new products
and production processes in the fields of agriculture, biotechnology, biomedicine
energy, materials science, microelectronics, water resources, aerospace, telecommunications,
manufacturing science and similar research areas. Money from the fund shall be expended on warrants of the secretary of finance and
administration upon vouchers signed by the executive director of the higher education
department 1 or the executive director's authorized representative. B. Grants from the fund are available to state research universities that are conducting
collaborative research with corporate and nonprofit organizations. A state research university may apply for a grant from the fund in accordance with
rules promulgated by the higher education department. 1 Allocations from the fund shall be based on a competitive process with applications
reviewed by a panel of scientific and business experts established by the department. The review panel shall judge proposals based on excellence in research design and
possible innovation in cross-disciplinary, multi-campus and higher education-industry
research collaboration. The review panel may determine new research areas. C. To apply for a grant, a state research university must have equal or greater matching
funds for the proposal from sources other than the state. 1
References to the commission on higher education are deemed references to the higher
education department; see NMSA 1978, § 9-25-4.1.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 21-1-27.2
What does New Mexico Statutes Annotated § 21-1-27.2 cover?
Section 21-1-27.2 ("Technology enhancement fund created; allocations; application review panels") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 21-1-27.2?
A common citation format is "New Mexico Statutes Annotated § 21-1-27.2" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 21-1-27.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.