Section 9-15E-2 - DefinitionsAs 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; andF. "research institutions" means the university of New Mexico, New Mexico state university and the New Mexico institute of mining and technology.