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Section 13-1-186 - Assistance to small business; bid bonds; reduction — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 13-1-186 - Assistance to small business; bid bonds; reduction

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The state purchasing agent or central purchasing office may reduce bid bond, performance bond or payment bond requirements authorized by the Procurement Code to encourage procurement from small businesses. History: Laws 1984, ch. 65, § 159.