{"data":{"id":"us-nm/6-10-16.1","jurisdiction":"us-nm","citation":"6-10-16.1","heading":"Security for public deposits.","body":"All deposits of public funds shall be secured by securities as defined in Section 6-10-16 NMSA 1978 in the amount required by law or by surety bonds as provided for in Section 6-10-15 NMSA 1978. A surety company that issues a surety bond pursuant to this section shall be rated in the highest category by at least one nationally recognized statistical rating agency.","path":["Chapter 6 - Public Finances","ARTICLE 10 Public Money"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"c3fb85292e39000b118f06f5e5f23b5fc85b0991a585f16b0da08028067073f0","source_id":"us-nm","stale":false,"prev":"us-nm/6-10-16","next":"us-nm/6-10-17"},"notice":"GroundRules: Original legal text. Not legal advice."}