Last Review
Last Update

Statutes

"The New Mexico Constitution prohibits the state from incurring any debt unless either authorized by Article IX, Section 7; or authorized by state law for some specified work or object, which law must comply with the various requirements set forth in Article IX, Section 8.

New Mexico's Article IX, Section 14, generally prohibits the state, any county, any school district, and any municipality from directly or indirectly lending or pledging its credit or making any donation to or in aid of any person, association or public or private corporation.

Governmental entities are granted immunity from actions based on contract, except actions based on a valid written contract. NMSA §37-1-23.

Many expenditures of state and local government bodies are subject to the provisions of the Procurement Code. NMSA §13-1-28 through NMSA §37-1-199"

Cases

Comments

A number of such limitations exist under both the New Mexico Constitution and under statute.

Contributors

Andrew Simons, Noe Astorga-Corral and Alison K. Goodwin

The statutory information was edited and reviewed with the support of MultiState

Become a Content Contributor

The State Law Compendium is made possible through the cooperation, dedication and ongoing efforts of attorney’s who provide and update its statues, cases and comments. Attorneys who would like to volunteer to develop or update compendium content are welcome to contact us to learn more.