This bill amends the structure and membership of the Technology and Innovation Network Advisory Board in New Mexico. Key changes include the removal of representatives from the University of New Mexico Health Sciences Center, Navajo Technical University, and Central New Mexico Community College as core members of the board. The number of public members is reduced to nine, all of whom must have experience in investment or entrepreneurial support within specific target sectors, namely aerospace and space, biosciences, clean energy and water, and advanced computing. Additionally, the bill eliminates the requirement for a representative from private industry to be a member of any subcommittee created by the advisory board.

The bill also introduces temporary provisions for the expiration of terms for certain advisory board members and outlines the process for appointing new members. It specifies that the advisory board will meet at least quarterly and provides for the establishment of subcommittees to focus on sector-specific metrics and goals. The executive committee of the advisory board will oversee operations and make time-sensitive decisions between full board meetings. Overall, the bill aims to streamline the advisory board's composition and enhance its effectiveness in guiding economic development initiatives in New Mexico.

Statutes affected:
introduced version: 9-15-15.4, 9-15-15.5