New Mexico § 7-27-5.24 Severance tax permanent fund; investment in obligations

New Mexico Statutes

§ 7-27-5.24 — Severance tax permanent fund; investment in obligations

New Mexico § 7-27-5.24

Ch. 7Taxation

Art. 27Severance Tax Bonding Act

This text of New Mexico § 7-27-5.24 (Severance tax permanent fund; investment in obligations) 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. § 7-27-5.24 (2026).

Text

issued for state capitol buildings and renovations. 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).

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issued for state capitol buildings and renovations. 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).