Section 21-1-17 - Interest in contracts by board members or employees prohibited. - New Mexico Statutes

21-1-17. Interest in contracts by board members or employees prohibited.

No employee or member of a board of regents of a state educational institution shall have direct or indirect financial interest in any contract for building or improving any of that state educational institution or for the furnishing of supplies or services to that institution except as permitted pursuant to the University Research Park and Economic Development Act [21-28-1 NMSA 1978] or the New Mexico Research Applications Act [53-7B-1 NMSA 1978], or unless it complies with provisions of the Governmental Conduct Act [10-16-1 NMSA 1978] and the Procurement Code [13-1-28 NMSA 1978].