N.M. Stat. § 6-21-18
Agreement of the state.
The state does hereby pledge to and agree with the holders of any bonds or notes
issued under the New Mexico Finance Authority Act that the state will not limit or alter
the rights hereby vested in the authority to fulfill the terms of any agreements made with
the holders thereof or in any way impair the rights and remedies of those holders until
the bonds or notes together with the interest thereon, with interest on any unpaid
installments of interest, and all costs and expenses in connection with any action or
proceedings by or on behalf of those holders, are fully met and discharged. The
authority is authorized to include this pledge and agreement of the state in any
agreement with the holders of the bonds or notes.