N.M. Code R. § 18.17.4.8
A. A person born on or after January 1, 1989 who operates a motorboat on the state’s waters shall possess a division-issued boater education card and have it onboard the motorboat during its operation unless the person:
(1) possesses and has onboard the motorboat a valid marine operator license issued by the United States coast guard that covers the motorboat being operated;
(2) is legally operating a motorboat that is exempt from vessel registration requirements and applicable rules and is being used for law enforcement or official government business;
(3) is not a New Mexico resident and possesses and has onboard the motorboat a current boater education card or certificate issued by another state or country whose requirements meet NASBLA minimum standards;
(4) has purchased the motorboat within the prior 30 days, and possesses and has onboard the motorboat the bill of sale or motorboat registration that documents the purchase date; or
(5) is renting a motorboat for a period not exceeding 30 consecutive days, is an authorized operator of the rental motorboat and has reviewed and received the information listed in Subsection B of 18.17.4.13 NMAC from the rental agent.
[18.17.4.8 NMAC - N, 1/01/07]