§5-16C-3. Finance board responsibilities for review and approval
of certain contracts.
The finance board is responsible for reviewing any proposed
contract authorized by this article before it is executed by the
director of the public employees insurance agency. If the board
determines that the proposed contract meets the requirements of
this article and would assist in effectively managing the costs for
the programs involved and would not result in jeopardizing state
funds or funds due the state, it shall approve the contract and
authorize the director of the public employees insurance agency to
execute the contract.