The board may take all actions reasonably necessary to provide an administration building for the authority, including the acquisition of real property for that purpose. The board is authorized to make payments from the first money received each month as contributions pursuant to Section 10-7C-15 NMSA 1978 to pay principal of, interest on and other expenses or obligations related to revenue bonds issued by the New Mexico finance authority to plan, design, acquire, construct, furnish and equip an administration building for the authority, including the acquisition of real property.
History: Laws 2000, ch. 79, ยง 1.
Structure 2021 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 7C - Retiree Health Care
Section 10-7C-1 - Short title.
Section 10-7C-2 - Purpose of act.
Section 10-7C-3 - Legislative findings and declaration of policy.
Section 10-7C-4 - Definitions.
Section 10-7C-5 - Authority created.
Section 10-7C-6 - Board created; membership; authority.
Section 10-7C-7 - Board; duties.
Section 10-7C-7.2 - New Mexico finance authority revenue bonds; purpose; appropriation.
Section 10-7C-8 - Fund created; investment; premiums; appropriation.
Section 10-7C-9 - Participation.
Section 10-7C-10 - Expulsion from program for falsification.
Section 10-7C-11 - Purchase of group insurance.
Section 10-7C-12 - Automatic coverage; effect of preexisting conditions.
Section 10-7C-13 - Payment of premiums on health care plans.
Section 10-7C-14 - Exemption from legal process.
Section 10-7C-15 - Retiree health care fund contributions.