New Mexico Statutes
§ 13-1A-2 — Purpose
New Mexico § 13-1A-2
This text of New Mexico § 13-1A-2 (Purpose) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 13-1A-2 (2026).
Text
The purpose of the Purchasing Discount Act is to effect certain economies in the operation of state government by requiring state agencies to establish bookkeeping and administrative procedures to accelerate payments to vendors for supplies and equipment so as to secure price discounts offered by such vendors for early payment of accounts.
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Legislative History
Laws 1983, ch. 164, § 2.
Nearby Sections
15
§ 13-1-100.1
Construction contracts; construction management§ 13-1-101
Repealed§ 13-1-102
Competitive sealed bids required§ 13-1-103
Invitation for bids§ 13-1-104
Competitive sealed bids; public notice§ 13-1-107
Competitive sealed bids; bid opening§ 13-1-108
Competitive sealed bids; award§ 13-1-108.1
Recompiled§ 13-1-110
Competitive sealed bids; identical bidsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 13-1A-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/13/13-1A-2.