DALLAS - Amid an unprecedented credit freeze, New Mexico is adjusting to the declining fortunes of its finance partners and scouting for a market opening to issue $500 million of notes to cover government operations over the coming year.

The $500 million tax revenue anticipation notes, originally scheduled for competitive sale Sept. 23, were pulled off the calendar the day before due to market conditions, said financial adviser David Paul of Fiscal Strategies. It was the second postponement for the issue originally scheduled in July.

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