New Mexico Constitution
Article IX, § 7 — State indebtedness; purposes
New Mexico Const. art. IX, § 7
This text of New Mexico Const. art. IX, § 7 (State indebtedness; purposes) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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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Bluebook (online)
New Mexico Const. art. IX, § 7, Counsel Stack Legal Research, https://law.counselstack.com/constitution/nm/IX/7.