There Is a Newer Version
of
the New Mexico Statutes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 7-27-8: Transfer of money to severance tax permanent fund.
Universal Citation:
NM Stat § 7-27-8 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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7-27-8. Transfer of money to severance tax permanent fund.
On each December 31 and each June 30 the state treasurer shall transfer to the severance tax permanent fund all money in the severance tax bonding fund except the amount necessary to meet all principal and interest payments on bonds payable from the severance tax bonding fund on the next two ensuing semiannual payment dates.
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