{"data":{"id":"us-nm/9-15-53","jurisdiction":"us-nm","citation":"9-15-53","heading":"Definitions.","body":"As used in the Minority Business Assistance Act [9-15-52 to 9-15-55 NMSA 1978]:\nA. \"department\" means the economic development department; and\nB. \"minority business\" means a business, with its principal place of business in New Mexico:\n(1) the majority ownership of which is held by individuals who are residents of New Mexico and African Americans, Hispanic Americans, Asian Americans or Native Americans; and\n(2) that employs twenty or fewer people.","path":["Chapter 9 - Executive Department","ARTICLE 15 Economic Development Department"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18509/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"d961a29abac6d6cc732b6d93c0b898dfc751858dd9d1e01cd5f7bf127d4cfc5a","source_id":"us-nm","stale":false,"prev":"us-nm/9-15-52","next":"us-nm/9-15-54"},"notice":"GroundRules: Original legal text. Not legal advice."}