New Mexico Statutes 7-2F-11. Requirements to contract with certain vendors
A. A film production company shall make reasonable efforts, as determined by the division, to contract with a specialized vendor whose ordinary course of business directly relates to a standard industry craft inventory and that:
Terms Used In New Mexico Statutes 7-2F-11
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(1) provides services;
(2) provides inventory, for sale or lease, that is maintained in New Mexico and represented by the specialized vendor; or
(3) subcontracts similar standard industry craft inventory from other businesses with or without physical presence.
B. If a film production company does not contract with a specialized vendor, but contracts with a vendor that provides services, does not sell or lease standard industry craft inventory and outsources inventory from out-of-state businesses for a film production company, the film production company shall provide documentation of reasonable efforts made to find a specialized vendor.