New Mexico Statutes
§ 7-27-3.1 — Transfer of investment powers
New Mexico § 7-27-3.1
This text of New Mexico § 7-27-3.1 (Transfer of investment powers) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 7-27-3.1 (2026).
Text
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.
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Legislative History
1978 Comp., § 7-27-3.1, enacted by Laws 1983, ch. 306, § 5.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-27-3.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-27-3.1.