Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 10 - Public Money, 6-10-1 through 6-10-63. > Section 6-10-5 - General fund deficiency; certificates of indebtedness.

Section 6-10-5 - General fund deficiency; certificates of indebtedness.

6-10-5. General fund deficiency; certificates of indebtedness.

In the event of a deficiency in the state general fund, upon prior approval by the state board of finance there shall be issued certificates of indebtedness of the state of New Mexico. These certificates shall be issued in an amount as may be required but not in excess of the constitutional limitation; such certificates shall be in the form prescribed by the attorney general of the state.