The money in the severance tax income bond retirement fund is pledged for the principal and interest on all severance tax income bonds issued after the effective date of the Severance Tax Income Bonding Act.
§ 7-27-32 NMSA 1978
Severance tax income bond retirement fund pledged
Known as the Severance Tax Bonding Act
The act spans §§ 7–7 (92 sections).
Laws 1981 (1st S.S.), ch. 9, § 5.
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.