There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 27: Severance Tax Bonding Act, 7-27-1 through 7-27-48
Section 7-27-5.21: New Mexico lottery revenue bonds.
NM Stat § 7-27-5.21 (1996 through 1st Sess 50th Legis) What's This?
7-27-5.21. New Mexico lottery revenue bonds.
The severance tax permanent fund may be invested in revenue bonds issued by the New Mexico lottery authority pursuant to the provisions of the New Mexico Lottery Act [6-24-1 NMSA 1978]. The amount invested shall not exceed three million dollars ($3,000,000).
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
