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New Mexico Constitution

Article IX, § 7 — State indebtedness; purposes

New Mexico Const. art. IX, § 7

New Mexico Const. art. IX, § 7 (State indebtedness; purposes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionNew MexicoDocumentConstitution
ArticleIX
Section§ 7
CitationNew Mexico Const. art. IX, § 7
Bluebook
N.M. Const. art. IX, § 7.

Full Text

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.

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