9-15F-12: Powers and duties of the state board of finance.

The state board of finance shall have the following powers and duties pursuant to the Trade Ports Development Act:

A. the review and provision of final approval or disapproval of all public-private partnership agreements, pursuant to the requirements of Subsection D of Section 8 [9-15F-8 NMSA 1978] of that act;

B. approval of the disbursement of public funds from the trade ports development fund for a trade port project based on the private partner's satisfaction of project benchmarks or deliverables; and

C. promulgation of rules to carry out its duties pursuant to that act.