The authority shall annually prepare a budget for administering and investing all funds managed by the venture capital program, which shall be reviewed and approved by the board of directors of the authority. Funds provided for the operating budget of the venture capital program may be made from the assets of the venture capital program fund or any other funds managed by the authority, as authorized by law.
§ 6-33-5 NMSA 1978
Budget
Known as the Venture Capital Program Act
The act spans §§ 6–6 (8 sections).
Laws 2022, ch. 21, § 5; 2023, ch. 127, § 4.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.