New Mexico § 21-28-24 Contracts involving officers or employees of educational

New Mexico Statutes

§ 21-28-24 — Contracts involving officers or employees of educational

New Mexico § 21-28-24

Ch. 21State and Private Education Institutions

Art. 28University Research Park and Economic Development

This text of New Mexico § 21-28-24 (Contracts involving officers or employees of educational) 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. § 21-28-24 (2026).

Text

institutions and state agencies or political subdivisions. A research park corporation shall not enter into any contract involving services or property of a value in excess of twenty thousand dollars ($20,000) with an employee of the university or with a business in which the employee has a controlling interest, except as provided in Section 21-28-25 NMSA 1978 if the employee has a controlling interest, unless the president of the university or the president's designee makes a determination, in writing, that the employee is able to provide services that are not readily available from another person or is able to provide services that are less expensive or of higher quality than is otherwise available.

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institutions and state agencies or political subdivisions. A research park corporation shall not enter into any contract involving services or property of a value in excess of twenty thousand dollars ($20,000) with an employee of the university or with a business in which the employee has a controlling interest, except as provided in Section 21-28-25 NMSA 1978 if the employee has a controlling interest, unless the president of the university or the president's designee makes a determination, in writing, that the employee is able to provide services that are not readily available from another person or is able to provide services that are less expensive or of higher quality than is otherwise available.