New Mexico § 10-2-14 - Definitions
Full text of New Mexico New Mexico Statutes Annotated § 10-2-14 — Definitions, with citation guidance and answers to common questions.
§ 10-2-14. Definitions
As used in the Surety Bond Act: A. “department” means the general services department; B. “director” means the director of the risk management division of the department; C. “employee” means any officer or employee of the state, including elected or appointed
officials and persons acting on behalf or in service of a state agency in any official
capacity whether with or without compensation, but the term does not include an independent
contractor; D. “secretary” means the secretary of general services; E. “state agency” means the state or any of its branches, agencies, departments, boards,
instrumentalities or institutions; F. “surety bond coverage” means: (1) a schedule or blanket corporate surety bond payable to the state and conditioned
on the faithful performance of the duties of each employee during his employment or
term of office or until his successor is elected or appointed and is qualified and
on a proper accounting for all money and property in his official capacity as a state
employee; or (2) a certificate of surety bond coverage issued by the director covering all or any
part of the risk set forth in Paragraph (1) of this subsection; and G. “covered educational entity” means a school district as defined in Section 22-1-2 NMSA 1978 or an educational institution established pursuant to Chapter 21, Article 13 , 16 or 17 NMSA 1978 which requests and is granted surety bond coverage from the risk management division
of the general services department, if the coverage is commercially unavailable;
except that coverage shall be provided to a school district only through the public
school group insurance authority or its successor unless the district has been granted
a waiver by the authority or the authority is not offering the coverage for the fiscal
year for which the division offers its coverage. A local school district to which the division may provide coverage may provide for
marketing and servicing to be done by licensed insurance agents who shall receive
reasonable compensation for their services.
Frequently Asked Questions About New Mexico § 10-2-14
What does New Mexico Statutes Annotated § 10-2-14 cover?
Section 10-2-14 ("Definitions") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 10-2-14?
A common citation format is "New Mexico Statutes Annotated § 10-2-14" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 10-2-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.