N.M. Stat. § 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.