New Mexico § 53-7B-9 Contracts involving public employees

New Mexico Statutes

§ 53-7B-9 — Contracts involving public employees

New Mexico § 53-7B-9

Ch. 53Corporations

Art. 7BNew Mexico Research Applications

This text of New Mexico § 53-7B-9 (Contracts involving public employees) 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. § 53-7B-9 (2026).

Text

Except as provided in Section 10 of the New Mexico Research Applications Act, the research applications center 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 state or one of its agencies, instrumentalities, institutions or political subdivisions or with a business in which the employee has a controlling interest unless the board makes a determination, in writing, that the employee: A. is employed by a university; B. is principally involved in research, public service, economic development or instruction; and C. 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 are otherwise available

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Except as provided in Section 10 of the New Mexico Research Applications Act, the research applications center 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 state or one of its agencies, instrumentalities, institutions or political subdivisions or with a business in which the employee has a controlling interest unless the board makes a determination, in writing, that the employee: A. is employed by a university; B. is principally involved in research, public service, economic development or instruction; and C. 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 are otherwise available.