N.M. Const. art. IV, § 29
- Constitution
- Constitution of New Mexico
- Text as of
- October 2026
What does this section say?
[Laws creating debts.] No law authorizing indebtedness shall be enacted which does not provide for levying a tax sufficient to pay the interest, and for the payment at maturity of the principal.
The text is copied from the official source: www.sos.nm.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.