N.M. Stat. § 3-60A-17
No public official or employee of a local government or member of any board or commission of a local government and no commissioner or employee of a metropolitan redevelopment agency that has been vested by a local government with metropolitan redevelopment project powers by the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978] shall voluntarily acquire any interest, direct or indirect, in any metropolitan redevelopment project of the local government or in any contract or proposed contract in connection with the project. Where the acquisition is not voluntary, the interest acquired shall be immediately disclosed in writing to the local government, and the disclosure shall be entered upon its minutes. If any such official, commissioner or employee currently owns or controls or owned or controlled within the preceding two years any interest, direct or indirect, in any property that the official, commissioner or employee knows is included or planned to be included in a metropolitan redevelopment project, the official, commissioner or employee shall immediately disclose this fact in writing to the local government, and this disclosure shall be entered upon the minutes of the local government, and the official, commissioner or employee shall not participate in any action by the local government affecting the property. Any disclosure required to be made by this section to the local government shall concurrently be made to a metropolitan redevelopment agency that has been vested with metropolitan redevelopment project powers by the local government.
NMS § 3-60A-17