(A) There is hereby created a Tort Liability Claims Program within the Risk Management Fund.
(B) Claims against the Tort Liability Claims Program shall be made in accordance with the Tort Claims Act.
(C) All claims made pursuant to the New Mexico Tort Claims Act shall comply with the requirements of the Act regarding notice or written notice of the occurrence giving rise to claim, and that Act's statute of limitations;
(D) If the Director for the Risk Management Function has reason to believe that the Risk Management Fund would be exhausted by payment of all claims allowed during a particular fiscal year, the amounts paid to each claimant and parties obtaining judgments shall be prorated, with each party receiving an amount equal to the percentage their own payment bears to the total of claims or judgments outstanding and payable from the fund. Any amounts due and unpaid as a result of such proration shall be paid in the following fiscal year.
('74 Code, § 1-15-9) (Ord. 95-1983; Am. Ord. 66-1986)