{"data":{"id":"us-nm/73-12-27","jurisdiction":"us-nm","citation":"73-12-27","heading":"Compensation of board; members may not be interested in any contract.","body":"The board of directors shall each receive compensation at the rate of two and one-half dollars ($2.50) per day while attending meetings, and their actual and necessary expenses while engaged in official business. The salary of the secretary shall not exceed eight hundred dollars ($800) per annum. No director or any officer named in this act [73-12-1 to 73-12-57 NMSA 1978] shall, in any manner, be interested, directly or indirectly, in any contract awarded or to be awarded by the board, or in the profits to be derived therefrom; nor shall such director or officer receive any bonus, gratuity or bribe; and for any violation of this provision any such director or officer shall be deemed guilty of a felony, and upon conviction thereof shall forfeit his office, and be punished by a fine not exceeding five hundred dollars ($500) or by imprisonment in the penitentiary not exceeding five years nor less than one year.","path":["Chapter 73 - Special Districts","ARTICLE 12 Electrical Irrigation Districts"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18576/index.do","current_through":"2026-05-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"4480267c3c93b3d1cdb320c363658be4b78759ce2086691eeee12c1ac6105aed","source_id":"us-nm","stale":false,"prev":"us-nm/73-12-26","next":"us-nm/73-12-28"},"notice":"GroundRules: Original legal text. Not legal advice."}