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Section 7-27-1 - Short title. - Sections 7-27-1 through 7-27-27 NMSA 1978 may be cited as...
Section 7-27-2 - Severance tax bonding fund created. - There is created the "severance tax bonding fund" into which...
Section 7-27-3 - Severance tax permanent fund created. - There is created in the state treasury the "severance tax...
Section 7-27-3.1 - Transfer of investment powers. - The functions, powers and duties vested by law relating to...
Section 7-27-3.2 - Definition. - As used in Sections 7-27-1 through 7-27-48 NMSA 1978, "council"...
Section 7-27-3.3 - Severance tax permanent fund; annual distributions. - The secretary of finance and administration shall make annual distributions...
Section 7-27-4 - Repealed. - Repeals. — Laws 1996, ch. 3, § 3, repealed 7-27-4...
Section 7-27-5 - Investment of severance tax permanent fund. - A. The severance tax permanent fund shall be invested in...
Section 7-27-5.1 - Repealed. - History: Laws 1983, ch. 306, § 8; 1987, ch. 306,...
Section 7-27-5.2 - Repealed. - History: Laws 1983, ch. 306, § 9; 1991, ch. 83,...
Section 7-27-5.3 - Conventional mortgage pass-through securities. - A. The severance tax permanent fund may be invested in...
Section 7-27-5.4 - New Mexico business investments. - No more than twenty percent of the book value of...
Section 7-27-5.5 - Educational loan notes. - The severance tax permanent fund may be invested in educational...
Section 7-27-5.6 - Repealed. - History: Laws 1987, ch. 219, § 2; 1990, ch. 126,...
Section 7-27-5.7 - Repealed. - Repeals. — Laws 1988, ch. 134, § 7F, repealed 7-27-5.7...
Section 7-27-5.8 - Repealed. - Repeals. — Laws 1999, ch. 57, § 1 repealed 7-27-5.8...
Section 7-27-5.9 - Repealed. - Repeals. — Laws 1999, ch. 57, § 1 repealed 7-27-5.9...
Section 7-27-5.10 - Repealed. - Repeals. — Laws 1999, ch. 57, § 1 repealed 7-27-5.10...
Section 7-27-5.11 - Repealed. - Repeals. — Laws 1999, ch. 57, § 1 repealed 7-27-5.11...
Section 7-27-5.12 - Repealed. - Repeals. — Laws 1999, ch. 57, § 1 repealed 7-27-5.12...
Section 7-27-5.13 - Educational institution research and development facilities revenue bonds. - No more than ten percent of the book value of...
Section 7-27-5.14 - Findings and purpose. - The legislature finds that the health of the New Mexico...
Section 7-27-5.15 - New Mexico private equity funds and New Mexico business investments. - A. In addition to the investments required by Subsections F...
Section 7-27-5.16 - Repealed. - History: Laws 1990, ch. 127, § 10; repealed by Laws...
Section 7-27-5.17 - Employers mutual company revenue bonds. - The severance tax permanent fund may be invested in revenue...
Section 7-27-5.18 - Purpose. - It is the purpose of this act to encourage economic...
Section 7-27-5.19 - Deposits in New Mexico financial institutions; limitations. - A. No more than twenty percent of the book value...
Section 7-27-5.20 - Deposits in New Mexico credit unions. - The severance tax permanent fund may be invested in deposits...
Section 7-27-5.21 - New Mexico lottery revenue bonds. - The severance tax permanent fund may be invested in revenue...
Section 7-27-5.22 - Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities. - Subject to the approval of the state investment council, the...
Section 7-27-5.23 - Repealed. - History: Laws 1997, ch. 45, § 3; 2001, ch. 252,...
Section 7-27-5.24 - Severance tax permanent fund; investment in obligations issued for state capitol buildings and renovations. - Subject to the approval of the state investment council, the...
Section 7-27-5.25 - Repealed. - History: Laws 2000, ch. 5, § 4; repealed by Laws...
Section 7-27-5.26 - Investment in films to be produced in New Mexico. - A. No more than six percent of the market value...
Section 7-27-5.27 - Local government emergency economic relief. - A. Within thirty days of the effective date of this...
Section 7-27-6 - Severance tax bonding fund pledged. - A. The money in the severance tax bonding fund is...
Section 7-27-7 - Special income to retire bonds. - When a law authorizing a severance tax bond issue or...
Section 7-27-8 - Transfer of money to severance tax permanent fund. - On each December 31 and each June 30 the state...
Section 7-27-9 - Bonds to be known as severance tax bonds and supplemental severance tax bonds. - A. Prior to July 1, 1999, all bonds issued wherein...
Section 7-27-10 - State board of finance shall issue bonds. - A. The state board of finance is authorized to issue...
Section 7-27-10.1 - Transfer to severance tax permanent fund before determining bonding capacity; authorization for severance tax bonds; priority for water projects and tribal infrastructure projects. - A. On December 31 of each year from 2019 through...
Section 7-27-11 - Authority to refund bonds. - A. The state board of finance may issue and sell...
Section 7-27-11.1 - Repealed. - Repeals. — Laws 1999 (1st S.S.), ch. 6, § 20...
Section 7-27-12 - When severance tax bonds to be issued. - A. The state board of finance shall issue and sell...
Section 7-27-12.1 - Severance tax bonds; purpose for which issued; appropriation of proceeds. - The state board of finance may issue and sell severance...
Section 7-27-12.2 - Supplemental severance tax bonds; public school capital outlay and other projects. - A. The public school capital outlay council is authorized to...
Section 7-27-12.3 - Administration of certain bond proceeds appropriated to the public school capital outlay fund. - Proceeds of severance tax bonds and supplemental severance tax bonds...
Section 7-27-12.4 - Authorization for severance tax bonds for severance tax transportation fund; appropriation of proceeds. - A. The state board of finance may issue and sell...
Section 7-27-12.5 - Authorization for severance tax bonds; priority for infrastructure projects for colonias. - A. After the annual estimate of severance tax bonding capacity...
Section 7-27-14 - Amount of tax; security for bonds. - A. The legislature shall provide for the continued assessment, levy,...
Section 7-27-15 - Majority approval necessary for board action. - Any action taken hereunder by the state board of finance...
Section 7-27-16 - Form of bonds. - A. The state board of finance, except as otherwise specifically...
Section 7-27-17 - Execution of bonds. - Severance tax bonds and supplemental severance tax bonds shall be...
Section 7-27-18 - Procedure for sale of bonds. - A. Severance tax bonds and supplemental severance tax bonds shall...
Section 7-27-19 - Severance tax bonds and supplemental severance tax bonds legal investments. - Severance tax bonds and supplemental severance tax bonds are legal...
Section 7-27-20 - Expenses paid from severance tax bonding fund. - The expense incurred in the issuance of severance tax bonds...
Section 7-27-21 - Treasurer to make bond payments and keep records. - Severance tax bonds and supplemental severance tax bonds payable from...
Section 7-27-22 - Severance tax bonding act to be full authority for issuance of bonds. - The Severance Tax Bonding Act shall, without reference to any...
Section 7-27-23 - Suit may be brought to compel performance of officers. - Any holder of severance tax bonds or supplemental severance tax...
Section 7-27-24 - Bonds tax free. - All severance tax bonds and supplemental severance tax bonds shall...
Section 7-27-25 - No impairment of obligation of contract. - Nothing in this Severance Tax Bonding Act shall be construed...
Section 7-27-26 - Severance tax bonding fund continued. - The severance tax bonding fund created by Laws 1959, Chapter...
Section 7-27-27 - Purpose and intent. - The purpose of the Severance Tax Bonding Act is to...
Section 7-27-28 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-28...
Section 7-27-29 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-29...
Section 7-27-30 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-30...
Section 7-27-31 - Severance tax income bond retirement fund created. - There is created the "severance tax income bond retirement fund."...
Section 7-27-32 - Severance tax income bond retirement fund pledged. - The money in the severance tax income bond retirement fund...
Section 7-27-33 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-33...
Section 7-27-34 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-34...
Section 7-27-35 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-35...
Section 7-27-36 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-36...
Section 7-27-37 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-37...
Section 7-27-38 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-38...
Section 7-27-39 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-39...
Section 7-27-40 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-40...
Section 7-27-41 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-41...
Section 7-27-42 - Severance tax income bonds; legal investments. - Severance tax income bonds are legal investments for any person...
Section 7-27-43 - Expenses paid from severance tax income bond retirement fund. - The expense incurred in the issuance of severance tax income...
Section 7-27-44 - Treasurer to make bond payments and keep records. - Bonds payable from the severance tax income bond retirement fund...
Section 7-27-45 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-45...
Section 7-27-46 - Suit may be brought to compel performance of officers. - Any holder of severance tax income bonds, or any person...
Section 7-27-47 - Bonds tax-free. - Interest earned on all severance tax income bonds shall be...
Section 7-27-48 - Temporary provision; no impairment of obligation of contract. - Nothing in this act shall be construed as impairing or...
Appendix - Appendix to Article 27 - Authorized Severance Tax Bonds Appx., Art. 27 The New Mexico...