New Mexico legislation · 2026 Regular Session
New Mexico HB250: TECH & INNOVATION NETWORK ADVISORY BOARD
Status: Failed, February 12, 2026
What the bill says
An act relating to economic development; providing that money in the research, development and deployment fund is subject to appropriation by the legislature; authorizing expenditures from the fund for quantum facility infrastructure projects and for fusion facility projects; changing the membership of the technology and innovation network advisory board, the advisory board's executive committee and subcommittees created by the advisory board; removing the representative from the university of new mexico health sciences center as a core member of the advisory board…
From the committee substitute text, February 12, 2026:
AN ACT RELATING TO ECONOMIC DEVELOPMENT; PROVIDING THAT MONEY IN THE RESEARCH, DEVELOPMENT AND DEPLOYMENT FUND IS SUBJECT TO APPROPRIATION BY THE LEGISLATURE; AUTHORIZING EXPENDITURES FROM THE FUND FOR QUANTUM FACILITY INFRASTRUCTURE PROJECTS AND FOR FUSION FACILITY PROJECTS; CHANGING THE MEMBERSHIP OF THE TECHNOLOGY AND INNOVATION NETWORK ADVISORY BOARD, THE ADVISORY BOARD'S EXECUTIVE COMMITTEE AND SUBCOMMITTEES CREATED BY THE ADVISORY BOARD; REMOVING THE REPRESENTATIVE FROM THE UNIVERSITY OF NEW MEXICO HEALTH SCIENCES CENTER AS A CORE MEMBER OF THE ADVISORY BOARD; REMOVING REPRESENTATIVES OF CENTERS OF EXCELLENCE NOT OTHERWISE REPRESENTED AS MEMBERS OF THE ADVISORY BOARD; REDUCING THE NUMBER OF PUBLIC MEMBERS OF THE ADVISORY BOARD TO NINE PUBLIC MEMBERS WITH EXPERIENCE IN INVESTMENT OR ENTREPRENEURIAL SUPPORT IN FOUR OF THE TARGET SECTORS; REMOVING TWO PUBLIC MEMBERS APPOINTED BY THE SECRETARY OF ECONOMIC .233896.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ HCEDC/HB DEVELOPMENT AS MEMBERS OF THE ADVISORY BOARD'S EXECUTIVE COMMITTEE; REMOVING THE REQUIREMENT THAT ONE REPRESENTATIVE FROM PRIVATE INDUSTRY SHALL BE A MEMBER OF A SUBCOMMITTEE CREATED BY THE ADVISORY BOARD; MAKING CONFORMING AMENDMENTS; ENACTING TEMPORARY PROVISIONS TO PROVIDE FOR THE EXPIRATION OF THE TERMS OF SERVICE OF ADVISORY BOARD MEMBERS AND THE SUBCOMMITTEE MEMBER REMOVED BY THIS ACT AND FOR THE APPOINTMENT OF ADVISORY BOARD MEMBERS CREATED BY THIS ACT; MAKING APPROPRIATIONS. BE IT ENACTED BY THE …