There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 41: Torts
Article 4: Tort Claims, 41-4-1 through 41-4-30
Section 41-4-22: Insurance fund.
NM Stat § 41-4-22 (1996 through 1st Sess 50th Legis) What's This?
41-4-22. Insurance fund.
There is created the "insurance fund" to purchase insurance for the state and its public employees. Any money in the fund not needed to meet expected expenditures for the ensuing month shall be invested by the director of the risk management division with the prior approval of the state board of finance.
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