Any action taken hereunder by the state board of finance must be approved by a majority of its members.
§ 7-27-15 NMSA 1978
Majority approval necessary for board action
Known as the Severance Tax Bonding Act
The act spans §§ 7–7 (92 sections).
1953 Comp., § 72-18-39, enacted by Laws 1961, ch. 5, § 12.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.