These rules and regulations apply to the purchase of the conventional mortgage pass-through certificates in the original amount of up to $87,000,000, reduced by the principal amount of the certificate authorized by and delivered pursuant to the council's rule 84-1 [now 2.60.23 NMAC] and by letter agreement of August 29, 1984, as amended. The council's rule 84-1 [now 2.60.23 NMAC] continues to apply to the purchase of the conventional mortgage pass-through certificate, in the amount of up to $87,000,000 which was previously authorized by the council.
N.M. Admin. Code § 2.60.24.2