N.M. Stat. § 59A-23F-8
Funding.
A. To fund the planning, implementation and operation of the exchange, the board
shall contract with the human services department [health care authority department] or
any other state agency that receives federal funds allocated, appropriated or granted to
the state for purposes of funding the planning, implementation or operation of a health
insurance exchange.
B. The human services department [health care authority department] or any other
state agency that receives federal funds allocated, appropriated or granted to the state
for purposes of funding the planning, implementation or operation of a health insurance
exchange shall contract with the board to provide those funds to the exchange in
consideration for its planning, implementation or operation.