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2013 New Mexico Statutes
Chapter 7 - Taxation
Article 27 - Severance Tax Bonding Act
Section 7-27-5.24 - Severance tax permanent fund; investment in obligations issued for state capitol buildings and renovations. (1997)


NM Stat § 7-27-5.24 (2013) What's This?

7-27-5.24. Severance tax permanent fund; investment in obligations issued for state capitol buildings and renovations. (1997) 
Subject to the approval of the state investment council, the severance tax permanent fund may be invested in revenue bonds issued by the New Mexico finance authority for state capitol buildings and relocation-associated renovations in the state capitol. The amount invested shall not exceed ten million one hundred fifty-five thousand dollars ($10,155,000).   
  History: 1978 Comp., § 7-27-5.24, enacted by Laws 1997, ch. 178, § 3. 

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