45th legislature - STATE OF NEW MEXICO - first session, 2001

RELATING TO GOVERNMENTAL CONDUCT; RESTRICTING RECEIPT OF GIFTS BY PUBLIC OFFICERS AND EMPLOYEES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of the Governmental Conduct Act is enacted to read:

"[NEW MATERIAL] RESTRICTIONS ON GIFTS.--

A. Except for gifts of food or beverage 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, a public officer or employee shall not accept anything of value directly or indirectly from a person who:

(1) has a current contract with the public officer's or employee's state office;

(2) is a potential bidder, offeror or contractor for the provision of services or personal property to the public officer's or employee's state office;

(3) is an investment broker or investment manager or agent of that person; or

(4) is an organization, association or other entity having membership that includes persons described in Paragraphs (1) through (3) of this subsection.

B. This section does not apply to:

(1) travel costs and food and beverage associated with due diligence visits in carrying out the public officer's or employee's fiduciary duty; or

(2) an occasional gift that is insignificant in value."