New Mexico Statutes

§ 51-1-15 — Risk management division; payments in lieu of

New Mexico·Ch. 51 Unemployment Compensation

contributions. A. Benefits paid to employees of governmental entities covered by the provisions of the state government unemployment compensation reserve fund or the local public body unemployment compensation reserve fund shall be financed as follows:

(1)for each state agency, the risk management division of the general services department shall pay from the state government unemployment compensation reserve fund to the department for the unemployment fund an amount equal to the amount of regular benefits and extended benefits paid that is attributable to service in the employ of such state agency to individuals for weeks of unemployment; and (2) for each local public body covered by the local public body unemployment compensation reserve fund, the risk management division of the general

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Legislative History

1953 Comp., § 59-9-7.6, enacted by Laws 1977, ch. 227, § 2; 1978, ch. 131, §

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