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. History: Laws 2022, ch. 21, § 5; 2023, ch. 127, § 4. The 2023 amendment, effective June 16, 2023, eliminated bond requirements for New Mexico finance authority employees; and deleted Subsection A.
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