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2013 New Mexico Statutes
Chapter 7 - Taxation
Article 27 - Severance Tax Bonding Act
Section 7-27-3.1 - Transfer of investment powers. (1983)


NM Stat § 7-27-3.1 (2013) What's This?

7-27-3.1. Transfer of investment powers. (1983) 
The functions, powers and duties vested by law relating to the investment or reinvestment of money and the purchase, sale or exchange of investments or securities of the severance tax permanent fund are transferred to the council. The state treasurer shall maintain custody of the severance tax permanent fund but shall at all times render the fund or any part of it available for investment in accordance with the provisions of Sections 7-27-1 through 7-27-48 NMSA 1978.   
  History: 1978 Comp., § 7-27-3.1, enacted by Laws 1983, ch. 306, § 5. 

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