New Mexico Statutes

§ 13-1-88 — Definition; small business

New Mexico·Ch. 13 Public Purchases and Property·Art. 1 Procurement
"Small business" means a business, not a subsidiary or division of another business, having an average annual volume for the preceding three fiscal years which does not exceed one million five hundred thousand dollars ($1,500,000).

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Legislative History

Laws 1984, ch. 65, § 61.

Nearby Sections

15
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