S 79 NM UNIVERSITY QUANTUM MATERIALS & TECH PGM.

Sen William Soules

Actions: SPREF [1] SEC/SFC-SEC [5] DP-SFC

Scheduled: Not Scheduled

 Senate Bill 79 (SB 79) makes an appropriation to the board of regents of the University of New Mexico, the New Mexico Institute of Mining and Technology and New Mexico federal research laboratories to establish a quantum materials and technologies program.
 

 Senate Bill 79 (SB 79) appropriates $15,000,000 from the General Fund to the board of regents of the University of New Mexico for expenditure in Fiscal Years 2024 through 2028 to establish a quantum materials and technologies program in collaboration with New Mexico State University, the New Mexico Institute of Mining and Technology and the federal research laboratories within the state. No more than $3,000,000 shall be expended in any given fiscal year.

The program is funded to develop curricula, faculty and technologies for the development and use of quantum materials and to develop workforce training programs in collaboration with the community colleges in the state in the use and maintenance of quantum materials technologies.

Any unexpended or unencumbered balance remaining at the end of Fiscal Year 2028 shall revert to the General Fund.