Statutes > New Mexico Statutes > Chapter 16 - Parks, Recreation and Fairs. > Article 6 - State and County Fairs, 16-6-1 through 16-6-31. > Section 16-6-12 - Contracts; financial interest by commissioner; effect; penalty.

Section 16-6-12 - Contracts; financial interest by commissioner; effect; penalty.

16-6-12. [Contracts; financial interest by commissioner; effect; penalty.]

No commissioner shall either directly or indirectly be financially interested in any contract made by the commission and any such contract in which a commissioner shall be interested either directly or indirectly, shall be void. Any violation of the provisions of this article, shall be punishable by imprisonment in the state prison for one year.