§ 9-15E-2. Definitions

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.