New Mexico § 51-1-14 Financing benefits paid to employees of governmental

New Mexico Statutes

§ 51-1-14 — Financing benefits paid to employees of governmental

New Mexico·Ch. 51 Unemployment Compensation

entities. A. State agencies shall make payments in lieu of contributions in accordance with the provisions of Sections 51-1-15 and 51-1-45 NMSA 1978. B. Local public bodies shall finance benefits paid to an individual based on services performed in their employ by:

(1)participating in the local public body compensation reserve fund;

(2)paying contributions to the department; or (3) making an election to become liable for payments in lieu of contributions in accordance with the provisions of Subsection B or E of Section 51-1-13 NMSA 1978.

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entities. A. State agencies shall make payments in lieu of contributions in accordance with the provisions of Sections 51-1-15 and 51-1-45 NMSA 1978. B. Local public bodies shall finance benefits paid to an individual based on services performed in their employ by: (1) participating in the local public body compensation reserve fund; (2) paying contributions to the department; or (3) making an election to become liable for payments in lieu of contributions in accordance with the provisions of Subsection B or E of Section 51-1-13 NMSA 1978.

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