New Mexico Statutes Chapter 6. Public Finances § 6-17-12. Debt against state not to be created by income-producing project bonds

A. any purchase-money mortgage, deed of trust or other security instrument constituting a purchase-money mortgage may be foreclosed against the buildings, facilities or improvements so pledged without the right to a deficiency judgment; and

B. any mortgage, deed of trust or other security instrument given by a state educational institution operating a county hospital pursuant to the Hospital Funding Act may be foreclosed against the buildings, facilities or improvements so pledged without the right to a deficiency judgment.