PROCUREMENT CHANGES

Summary

The bill changes how New Mexico certifies resident businesses and contractors, adds new definitions, and raises the dollar limits for small purchases and exemptions. It also requires state agencies and local bodies to name chief procurement officers, sets up a certification program with continuing‑education credits, and caps sole‑source contracts at four years. These updates aim to make state purchasing more transparent and consistent with federal standards.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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