There is created in the state treasury the "technology enterprise fund". No money appropriated to this fund or accruing to it through cooperative research and technology transfer agreements, gifts, grants or bequests shall be transferred to another fund or encumbered or disbursed in any manner except for activities conducted pursuant to Sections 9-15-16 through 9-15-19 NMSA 1978. The fund shall not revert at the end of a fiscal year. Money appropriated to the research and development fund is appropriated to the technology enterprise fund provided any existing agreement to be paid from funds appropriated to the research and development fund shall be paid from the technology enterprise fund. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary or his designee for the purpose of paying the cost of activities conducted pursuant to Sections 9-15-16 through 9-15-19 NMSA 1978.
History: 1978 Comp., § 9-15-19, enacted by Laws 1991, ch. 21, § 24.
Repeals and reenactments. — Laws 1991, ch. 21, § 24 repealed former 9-15-19 NMSA 1978, as enacted by Laws 1986, ch. 38, § 4, relating to creation of New Mexico research and development institute, and enacted a new section, effective March 27, 1991.
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