N.M. Stat. § 3-39-8
Impairment of payment.
Any law which authorizes the pledge of any or all of the net income and revenues to
the payment of any bonds issued pursuant to the Municipal Airport Law or which affects
any of the net income or revenues pledged to such bonds, or any law supplemental
thereto or otherwise appertaining thereto, shall not be repealed or amended or
otherwise directly or indirectly modified in such a manner as to impair adversely any
such outstanding bonds unless such outstanding bonds have been discharged in full or
provision has been fully made therefor.