New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 81 - RETIREE HEALTH CARE FUNDS
Part 4 - CONTRACTS
Section 2.81.4.30 - CONTRACTS - AUDITS
Universal Citation: 2 NM Admin Code 2.81.4.30
Current through Register Vol. 35, No. 18, September 24, 2024
A. The NMRHCA has the primary responsibility for contract compliance monitoring. The board or its consultant if any, shall audit contracts on a random basis to determine:
(1) if the tasks called for in the scope of
services have been performed;
(2)
if the contract was completed in time and within budget;
(3) if the services were performed to the
satisfaction of the NMRHCA.
B. For purposes of compliance with this provision, every contract shall require the contractor to maintain detailed time records which indicate the date, time and nature of services rendered.
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