N.M. Code R. § 7.7.4.11
C. The authority and duties of the chief executive officer shall include, but not be limited to: to sign, together with such other authorized board member, any deeds, mortgages, bonds, contracts or other instruments which the board has authority to execute except in cases where the execution shall have been expressly delegated by the board or by the by-laws or by statute; to carry out all policies established by the board of trustees; to conduct all activities of the medical center in compliance with federal and state laws and regulations; to prepare an annual budget showing the expected receipts and expenditures as required by the board and by departments of state government; as head of the medical center, to select, employ, control, and discharge all employees, consistent with the regulations of the state personnel board, and to develop and maintain additional personnel policies and practices approved by the board of trustees; to see that all physical properties are accounted for, safeguarded, and kept in a good state of repair and operating condition; to supervise all business affairs and to ensure that all funds are collected and expended to the best possible advantage; to assist the chief of staff, the medical staff, and all those concerned with the rendering of professional services to the end that the best possible care may be rendered to all patients; to submit regularly to the board of trustees, or its authorized committees, periodic reports of medical center services, statistics, and financial activities and to prepare and submit such special reports as may be required by the board of trustees; to attend all meetings of the board of trustees, of the committees on which he or she serves and other committees as necessary or required, and the medical staff executive committee; to perform any other duty that may be necessary or in the best interest of the medical center; to serve as the liaison officer and channel of communications for all official communications between the board of trustees and the medical staff.
[Recompiled 10/31/01]