Subject to the approval of the state investment council, the severance tax permanent fund may be invested in bonds, certificates of participation or other obligations issued pursuant to Section 33-1-19 NMSA 1978 for corrections related facilities.
§ 7-27-5.22 NMSA 1978
Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities
Known as the Severance Tax Bonding Act
The act spans §§ 7–7 (92 sections).
1978 Comp., § 7-27-5.22, enacted by Laws 1995, ch. 215, § 2.
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.