Section 13-1-151 - Multi-term contracts; determination prior to use.

NM Stat § 13-1-151 (2019) (N/A)
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Prior to the utilization of a multi-term contract, the state purchasing agent or the central purchasing office involved shall make a determination that:

A. the estimated requirements cover the period of the contract and are reasonably firm and continuing; and

B. the contract will serve the best interests of the state agency or a local public body.

History: Laws 1984, ch. 65, § 124.