New Mexico Statutes 72-20-18. Interest in contracts and property disqualifications
No director or officer, employee or agent of the authority may be interested in any contract or transaction with the authority except in the director’s or officer’s official representative capacity or as provided, except for any contract of employment with the authority. Neither the holding of any office nor employment in the government of any public body or the federal government nor the owning of any property within the state, within or without the authority, may be deemed a disqualification for membership on the board or employment by the authority, or a disqualification for compensation for
Terms Used In New Mexico Statutes 72-20-18
- Contract: A legal written agreement that becomes binding when signed.
services as an officer, employee or agent of the authority, except as provided in section 17 [72-20-17 N.M. Stat. Ann.] of the Eastern Sandoval County Arroyo Flood Control Act.