New Mexico Statutes

§ 7-27-3.3 — Severance tax permanent fund; annual distributions

New Mexico § 7-27-3.3
JurisdictionNew Mexico
Ch. 7Taxation
Art. 27Severance Tax Bonding Act

This text of New Mexico § 7-27-3.3 (Severance tax permanent fund; annual distributions) 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. § 7-27-3.3 (2026).

Text

The secretary of finance and administration shall make annual distributions from the severance tax permanent fund in the amount authorized by and calculated pursuant to the provisions of Article 8, Section 10 of the constitution of New Mexico. One-twelfth of the amount authorized to be distributed in a fiscal year shall be distributed each month to the general fund.

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Legislative History

Laws 1999, ch. 88, § 1.

Nearby Sections

15
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Bluebook (online)
New Mexico § 7-27-3.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-27-3.3.