New Mexico Administrative Code

Pursuant to Section 7-27-5.4(B) NMSA 1978 no more than ten percent of the book value of the severance tax permanent fund may be invested in bonds, notes, debentures or other evidence of indebtedness, excluding commercial paper, rated not less than BAA or Bbb or the equivalent or …

[Permanent]

[Filed July 12, 1989]

The terms and conditions of each particular financing situation will be approved by the council prior to the purchase of the bond, note, debenture or other evidence. In particular the council must approve: A. the maturity of investment which shall not exceed twenty years; B. the …

A. A corporation which meets the qualifications set forth in Parts I and II [now 2.60.26.3 NMAC and 2.60.26.8 NMAC], above, may request that the state investment council make a purchase of bonds, notes, debentures or other evidence of indebtedness pursuant to Section 7-27-5.4(B) …

State Investment Council.

A. Formal loan request or loan application, stating purpose, description of collateral offered, terms and conditions. B. Copies of financial statements, income statements and balance sheets covering the latest 3 fiscal years; If not available audited proforma statements may be su…

A. Commitment by the state investment council stating all terms, conditions, final required documents, servicing fees and period of commitment. B. Original participation agreement signed by purchaser and seller on the standard form approved by the Attorney General. C. Certified c…

A. APPRAISALS: An objective appraisal is necessary to document the value of the collateral. Care is required to be sure the appraisal is objective, and reasonably reflects true market values. B. TITLE POLICY: Title companies' primary business is insuring that security interests h…

Ratios are mainly indicators and as such should not be accepted nor used as absolute measurements. They are useful in pointing up areas of strength and weakness in statements. Many ratios are purely quantitative by nature and should not in any way be interpreted as measures of qu…

Pursuant to Section 7-27-5.1 A NMSA 1978 Subparagraph 10, the severance tax permanent fund may be invested in participation interests in New Mexico real property-related business loans if the proceeds of such loans will be or are being used by the borrower to either commence or e…

[Permanent]

[Filed January 17, 1990]

A. It is the state investment council's objective in making resources available for the purchase of participations in loans to achieve a yield consistent with the safety and soundness of such investments. With this in mind, the state investment officer may purchase from eligible …

The selling institution shall provide copies of the necessary documentation, so that the state investment officer can perform an independent analysis of the credit quality of the obligation to be purchased, document the obligation, thoroughly analyze collateral, and maintain comp…

State Investment Council.

[Filed January 13, 1988]

[repealed] The following associated items shall be delivered to the state's custodian to qualify a promissory note secured by a first mortgage as acceptable collateral for deposits of the severance tax permanent fund made pursuant to Section 7-25-5.2(B) NMSA 1978 [repealed]: A. o…

State Investment Council.

Sections 7-27-5.2 [repealed], and including but not limited to, Sections 6-10-10, 6-10-16, 6-10-17, 6-10-18, 6-10-20, 6-10-24.1, 6-10-29 and 6-10-35 NMSA 1978.

[Permanent]

[Filed October 5, 1987]

[RESERVED.]

[RESERVED.]

A. In the exercise of its authority under Sections 7-27-5.2 [repealed], and including but not limited to, Sections 6-10-10, 6-10-16, 6-10-17, 6-10-18, 6-10-20, 6-10-24.1, 6-10-29 and 6-10-35 NMSA 1978, the state investment council (the "council") desires to minimize potential ris…

Office of the State Treasurer.

All state agencies, boards and commissions making deposits at the state treasurer's office, cashier's office.

Article V, Section 1, New Mexico Constitution; Section 6-1-13 NMSA 1978.

Permanent.

8/1/72, unless a later date is cited at end of a section or paragraph.

The objective of Part 2 Chapter 6 is to establish the times deposits will be accepted by the cashiers office.

Effective 8-1-72 the cashier's door will be closed at 4 p.m. to give personnel time to get their work completed. A. Any deposits not at the cashier's office, room 156, by 4 p.m. will not be accepted until the following day. B. Deposits cannot be delivered to any other department …

State Investment Council.

Sections 7-27-5.2 [repealed], and including but not limited to, Sections 6-10-10, 6-10-16, 6-10-17, 6-10-18, 6-10-20, 6-10-24.1, 6-10-29 and 6-10-35 NMSA 1978.

[Permanent]

[Filed October 5, 1987]

A. In the exercise of its authority under Sections 7-27-5.2 [repealed], and including but not limited to, Sections 6-10-10, 6-10-16, 6-10-17, 6-10-18, 6-10-20, 6-10-24.1, 6-10-29 and 6-10-35 NMSA 1978, the state investment council (the "council") desires to minimize the level of …

State Investment Council.

[Permanent.]

February 1, 1992

A. The compliance rules set forth below are only applicable to purchase, sale, and short sale of (i.e., trades in) certain securities and securities-oriented options and warrants (derivatives). Compliance with these rules is required of all employees of the state investment offic…

State Board of Finance, 181 Bataan Memorial Building, Santa Fe, NM 87501.

A. Deposits of public money shall be secured by the following. (1) Securities of the United States, its agencies or instrumentalities which shall be accepted at market value. (2) Securities of the state of New Mexico, its agencies, instrumentalities, counties, municipalities or o…

A. The figures to be used by the state treasurer in completing the risk assessment analysis for a depository bank shall be calculated from the quarterly call statements, thrift reports, or national credit union administration reports of the financial institution and on the state …

A. If a depository bank is unable to meet the risk assessment qualifications for a minimum level of collateral required, the state treasurer is directed to cease making any additional deposits of public money into the depository bank and to withdraw deposits in the order they wou…

A. A financial institution requesting to become a custodial bank must submit the following information to the state treasurer: (1) a letter from the federal reserve bank or branch thereof or any bank qualified to perform custodial functions in the state of New Mexico requesting t…

A. The figures to be used by the state treasurer in completing the risk assessment analysis for a custodial bank shall be calculated from the quarterly call statements of the custodial bank and from the treasurer's generated report "New Mexico financial institution quarterly repo…