2006 New Mexico Statutes - Section 21-28-24 — Contracts involving officers or employees of educational institutions and state agencies or political subdivisions.
21-28-24. Contracts involving officers or employees of educational institutions and state agencies or political subdivisions.
The 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 25 [ 21-28-25 NMSA 1978] of the University Research Park Act if the employee has a controlling interest unless the president of the university or his 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 which are less expensive or of higher quality than is otherwise available.
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