New Mexico Statutes

§ 7-27-8 — Transfer of money to severance tax permanent fund

New Mexico § 7-27-8
JurisdictionNew Mexico
Ch. 7Taxation
Art. 27Severance Tax Bonding Act

This text of New Mexico § 7-27-8 (Transfer of money to severance tax permanent fund) 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. § 7-27-8 (2026).

Text

On each December 31 and each June 30 the state treasurer shall transfer to the severance tax permanent fund all money in the severance tax bonding fund except the amount necessary to meet all principal and interest payments on bonds payable from the severance tax bonding fund on the next two ensuing semiannual payment dates.

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Legislative History

1953 Comp., § 72-18-33, enacted by Laws 1961, ch. 5, § 6; 1973, ch. 294, § 3.

Nearby Sections

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Bluebook (online)
New Mexico § 7-27-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-27-8.