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2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 24 - New Mexico Lottery
Section 6-24-3 - Purposes.
Universal Citation: NM Stat § 6-24-3 (2019)
The purposes of the New Mexico Lottery Act are to:
A. establish and provide for the conduct of a fair and honest lottery for the entertainment of the public; and
B. provide the maximum amount of revenues, without imposing additional taxes or using other state revenues, for the purpose of providing tuition assistance to resident undergraduates at New Mexico post-secondary educational institutions.
History: Laws 1995, ch. 155, § 3; 2001, ch. 300, § 1.
ANNOTATIONSThe 2001 amendment, effective June 15, 2001, in Subsection B, deleted former Paragraph (1) listing funding critical capital outlay needs of public schools and deleted the paragraph designation of former Paragraph (2).
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