N.M. Const. art. IX, § 7
- Constitution
- Constitution of New Mexico
- Text as of
- October 2026
What does this section say?
[State indebtedness; purposes.] The state may borrow money not exceeding the sum of two hundred thousand dollars [($200,000)] in the aggregate to meet casual deficits or failure in revenue, or for necessary expenses. The state may also contract debts to suppress insurrection and to provide for the public defense.
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.