New Mexico Statutes Chapter 16. Parks, Recreation and Fairs § 16-2-9. Concessions in parks; contracts; board of finance approval

The secretary has the power to grant concessions in the state parks and recreation areas upon such rentals, fees or percentage of income or profits as he may prescribe, but not for a longer period than thirty years. All concessions shall be evidenced by a written contract, the faithful performance of which shall be secured by such bond as the secretary may prescribe. No contract granting a concession shall be effective until it has been approved by the state board of finance.