The duties of the contractor as administrator of the Fund shall include day-to-day management of the operation of the Fund under the overall supervision and direction of the Commission, and shall include the following responsibilities: 1. Fairly, consistently, and efficiently administering Fund collections and disbursements in accordance with Commission rules and subject to Commission oversight; 2. Unless the Commission directs where and how the amounts in the Fund shall be deposited and/or invested, establishing an account or accounts in one or more independent financial institutions that are headquartered in New Mexico and ensuring that the monies deposited in the Fund are insured to the practical maximum extent permitted by federal law and that they earn a return commensurate with that of state funds held on deposit in banks or other financial institutions. ..
