Nothing in this act shall be construed as impairing or authorizing the impairment of the contract between the state and the holders of severance tax bonds authorized or issued, or both, prior to the effective date of this act.
§ 7-27-48 NMSA 1978
Temporary provision; no impairment of obligation of contract
Known as the Severance Tax Bonding Act
The act spans §§ 7–7 (92 sections).
Laws 1981 (1st S.S.), ch. 9, § 22.
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.