NMSA 1978, § 7-9E-6 — Administration by the national laboratory

To qualify for tax credits pursuant to the Laboratory Partnership with Small Business
Tax Credit Act, a national laboratory shall:

# A.

establish a small business assistance program;

# B.

establish a revolving fund with initial funding from a source other than tax credits.
Money from the revolving fund shall be used to pay for qualified expenditures, and the
fund shall be replenished with an amount equal to the tax credits taken pursuant to the
Laboratory Partnership with Small Business Tax Credit Act;

# C.

consult with the secretary of economic development to seek advice on
improvements in the operation of the small business assistance program; and

# D.

establish a methodology to utilize contractors who have demonstrated the
capability to provide small business assistance.