New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 1 - PUBLIC FINANCE GENERAL PROVISIONS
Part 2 - ADOPTION OF RULES BY THE STATE BOARD OF FINANCE
Section 2.1.2.10 - PROCESS OF ADOPTION OF RULES

Universal Citation: 2 NM Admin Code 2.1.2.10

Current through Register Vol. 35, No. 18, September 24, 2024

A. Upon completion of the public comment period, the board shall fully consider all submissions of public comments, and the findings and recommendations of a board committee or staff at a public hearing following the public comment period. After the public hearing, the board may:

(1) adopt the proposed rule without revision;

(2) revise and adopt the proposed rule;

(3) revise the proposed rule and seek additional comments;

(4) reject the proposed rule; or

(5) repeal the rule.

B. At the time it adopts the rule, the board shall provide to the public a concise explanatory statement containing:

(1) the date the agency adopted the rule;

(2) a reference to the specific statutory or other authority authorizing the rule; and

(3) any findings required by a provision of law for adoption of the rule.

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