N.M. Code R. § 6.20.2.15 – Investments

A. The school district shall account for public money placed in interest-bearing deposits in accordance with Sections 22-8-40(C) through (G), NMSA 1978; Section 6-10-17, NMSA 1978; Section 6-10-31, NMSA 1978, and other federal and state laws applicable to the investment of public school money.
B. Pledged collateral: School districts shall require pledged collateral for all cash and investments in accordance with Section 22-8-40, NMSA 1978.
[12/08/1989, 2/03/1993, 11/01/1997, 1/15/1999, 9/15/1999; 6.20.2.15 NMAC - Rn, 6 NMAC 2.2.1.15, 5/31/2001]