There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 13: Public Purchases and Property
Article 1: Procurement, 13-1-1 through 13-1-199
Section 13-1-151: Multi-term contracts; determination prior to use.
Universal Citation:
NM Stat § 13-1-151 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
13-1-151. Multi-term contracts; determination prior to use.
Prior to the utilization of a multi-term contract, the state purchasing agent or the central purchasing office involved shall make a determination that:
A. the estimated requirements cover the period of the contract and are reasonably firm and continuing; and
B. the contract will serve the best interests of the state agency or a local public body.
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