Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 10 - Public Money, 6-10-1 through 6-10-63. > Section 6-10-47 - Safekeeping and insurance of money and securities in state treasury; payment of cost.

Section 6-10-47 - Safekeeping and insurance of money and securities in state treasury; payment of cost.

6-10-47. [Safekeeping and insurance of money and securities in state treasury; payment of cost.]

The state board of finance shall have power to contract for the safekeeping and insurance of all moneys or securities in the state treasury, the cost of such safekeeping and insurance to be paid out of the interest on deposits fund upon warrants drawn by the state auditor.