A. Notwithstanding any other provision of law, the risk management division shall: (1)     contract, as may be necessary, with a recognized insurance consulting firm to assist in the implementation of the public liability fund; and

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(2)     contract with a recognized insurance claims adjusting firm for the handling of all claims made against the public liability fund.

B. No contract shall be entered into pursuant to this section, unless proposals have been sought from two or more qualified firms. Contracts shall be awarded on the basis of cost, financial resources of the firm, service facilities in New Mexico, service reputation and experience.