New Mexico Statutes Chapter 6. Public Finances § 6-31A-6. Project funding awards;  process;  terms

(1) create high-quality, high-wage jobs in New Mexico;

(2) when applicable, have higher percentages of matching funds from non-public entities;

(3) demonstrate strong potential for commercialization in a target sector;

(4) support the growth of New Mexico-based companies;

(5) benefit communities that are rural or in an Indian nation, tribe or pueblo;  and

(6) provide opportunities for broad regional participation.

(1) allow for multiyear project periods aligned with federal or private sector grant or other non-state funding opportunity time lines;

(2) permit pre-award project spending by applicants when necessary to meet non-state grant application deadlines;  provided that applicants shall use non-state funding or other institutional funding for pre-award spending;  and

(3) provide that a certain amount of the funding may be used for an applicant's administrative costs to implement the project.