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Current as of May 06, 2021 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 9. Executive Department § 9-15E-2. Definitions - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-9-executive-department/nm-st-sect-9-15e-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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