New Mexico Statutes

§ 15-7-3 — Additional powers and duties of the risk management

New Mexico § 15-7-3
JurisdictionNew Mexico
Ch. 15Administration of Government
Art. 7Risk Management Division

This text of New Mexico § 15-7-3 (Additional powers and duties of the risk management) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 15-7-3 (2026).

Text

division. A. The risk management division of the general services department may:

(1)enter into contracts;
(2)procure insurance, reinsurance or employee group benefits; provided that any proposal or contract for the procurement of any group health care benefits shall be subject to the provisions of the Health Care Purchasing Act [Chapter 13, Article 7 NMSA 1978]; and provided further that reinsurance or excess coverage insurance may be placed by private negotiation, notwithstanding the provisions of the Procurement Code [13-1-28 to 13-1-199 NMSA 1978], if the insurance or reinsurance has a restricted number of interested carriers, the board determines that the coverage is in the interest of the state and cannot otherwise be procured for a reasonable cost and the director seeks the advice

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Legislative History

Laws 1978, ch. 166, § 8; 1979, ch. 287, § 3, 1979, ch. 392, § 1; 1983, ch. 301,

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Bluebook (online)
New Mexico § 15-7-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/15/15-7-3.