Section 3-10-5 - Officers; disclosure of interest; disqualified from voting. - New Mexico Statutes

3-10-5. Officers; disclosure of interest; disqualified from voting.

A.     Any member of the governing body having a financial interest or possible interest in the outcome of any policy, decision or determination before the governing body shall, within a reasonable time after such interest becomes apparent and in no case later than at the time of the taking of a vote on the issue in which he has a financial interest or possible interest, disclose to each of the other members of the governing body the nature of his financial interest or possible interest in the issue and his disclosure shall be recorded in the minute book of the governing body.   

B.     Disclosure of financial interest or possible interest on any issue coming before the governing body shall not disqualify a member of the governing body from voting on the issue, unless:   

(1)     a majority of the remaining members of the governing body determine that the member who discloses his financial interest or possible interest should not in propriety vote on the issue; or   

(2)     the member having a financial interest or possible interest in the issue voluntarily disqualifies himself.