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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 13-1-152: Multi-term contracts; cancellation due to unavailability of funds.
Universal Citation:
NM Stat § 13-1-152 (1996 through 1st Sess 50th Legis)
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13-1-152. Multi-term contracts; cancellation due to unavailability of funds.
When funds are not appropriated or otherwise made available to support continuation of performance of a multi-term contract in a subsequent fiscal period, the contract shall be cancelled.
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