N.M. Stat. § 9-15-53

Current through 2024, ch. 69

Section 9-15-53 - Definitions

As used in the Minority Business Assistance Act [9-15-52 to 9-15-55 NMSA 1978]:

A. "department" means the economic development department; and

B. "minority business" means a business, with its principal place of business in New Mexico:

(1) the majority ownership of which is held by individuals who are residents of New Mexico and African Americans, Hispanic Americans, Asian Americans or Native Americans; and

(2) that employs twenty or fewer people.

NMS § 9-15-53

Laws 2007, ch. 180, § 2.