New Mexico Statutes 22-11-5.1. Restrictions on receipt of gifts
Except for gifts of food or beverage given in a place of public accommodation, consumed at the time of receipt, not exceeding fifty dollars ($50.00) for a single gift and the aggregate value of which gifts may not exceed one hundred fifty dollars ($150) in a calendar year, neither a board member nor an employee of the board shall receive or accept anything of value directly or indirectly from a person who:
Terms Used In New Mexico Statutes 22-11-5.1
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Personal property: All property that is not real property.
A. has a current contract with the board;
B. is a potential bidder, offeror or contractor for the provision of services or personal property to the board;
C. is authorized to invest public funds pursuant to state or federal law or is an employee or agent of such a person; or
D. is an organization, association or other entity having a membership that includes persons described in Subsections A through C of this section.