New Mexico Statutes 6-10-47. [Safekeeping and insurance of money and securities in state treasury; payment of cost.]
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The state board of finance shall have power to contract for the safekeeping and insurance of all monies or securities in the state treasury, the cost of such safekeeping and insurance to be paid out of the interest on deposit fund upon warrants drawn by the state auditor.
Terms Used In New Mexico Statutes 6-10-47
- Contract: A legal written agreement that becomes binding when signed.