When funds are not appropriated or otherwise made available to support continuation of performance of a multi-term contract in a subsequent fiscal period, the contract shall be cancelled.
§ 13-1-152 NMSA 1978
Multi-term contracts; cancellation due to unavailability of funds
Laws 1984, ch. 65, § 125.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.