New Mexico § 11-1-3 - Authority to enter into agreements; approval of the secretary of finance and administration required

§ 11-1-3. Authority to enter into agreements; approval of the secretary of finance and administration required

If authorized by their legislative or other governing bodies, two or more public agencies

by agreement may jointly exercise any power common to the contracting parties, even

though one or more of the contracting parties may be located outside this state;

provided, however, nothing contained in this Joint Powers Agreements Act shall authorize

any state officer, board, commission, department or any other state agency, institution

or authority, or any county, municipality, public corporation or public district to

make any agreement without the approval of the secretary of finance and administration

as to the terms and conditions thereof. Joint powers agreements approved by the secretary of finance and administration

shall be reported to the state board of finance at its next regularly scheduled public

meeting. A list of the approved agreements shall be filed with the office of the state board

of finance and made a part of the minutes.