N.M. Stat. § 6-10-20
Current through 2024, ch. 69
Any board of finance or board of control may at any time within its discretion require any bank or savings and loan association that has qualified as a depository of public money subject to the control of the board to furnish additional security for the deposit of the kind specified in Section 6-10-16 NMSA 1978.
NMS § 6-10-20