A. There is created in the state treasury the "game and fish bond retirement fund". The state game commission shall place into the game and fish bond retirement fund the sum of one dollar ($1.00) from each license enumerated in this subsection that is sold after April 1, 1976:
(1) resident, fishing;
(2) resident, game hunting;
(3) resident, deer;
(4) resident, game hunting and fishing;
(5) resident, trapper;
(6) nonresident, fishing;
(7) nonresident, game hunting;
(8) temporary fishing, five days; and
(9) nonresident, deer.
Such payments to the game and fish bond retirement fund shall be effective for all bonds issued under the Game and Fish Bond Act up to the maximum limitation on the amount of bonds provided in that act.
B. Money in the game and fish bond retirement fund is first pledged for the payment of principal and interest on all state game commission bonds which have been issued and are outstanding prior to June 17, 1983. Money in the game and fish bond retirement fund is further pledged for the payment of principal and interest on all state game commission bonds issued as of June 17, 1983. The issuance and sale of bonds under the Game and Fish Bond Act constitutes an irrevocable contract between the state game commission and the owner of any bond, and so long as any bond remains outstanding the fees pledged for payment shall not be reduced.
C. Bonds issued under the Game and Fish Bond Act are payable solely from the game and fish bond retirement fund, and they are not general obligations of the state.
D. The state game commission shall continue to place in the game and fish bond retirement fund the sum of one dollar ($1.00) from each of the licenses enumerated in Subsection A of this section, even after the fund is sufficient to pay the principal and interest of the outstanding bonds and after all bonds issued have been retired.
History: 1978 Comp., § 17-1-22, enacted by Laws 1964 (1st S.S.), ch. 18, § 7; 1968, ch. 47, § 4; 1976 (S.S.), ch. 52, § 4; 1983, ch. 143, § 1; 2011, ch. 186, § 1.
The 2011 amendment, effective April 1, 2012, eliminated the distinction between small game hunting and general hunting licenses.
Structure New Mexico Statutes
Chapter 17 - Game and Fish and Outdoor Recreation
Article 1 - State Game Commission
Section 17-1-1 - [Declaration of policy.]
Section 17-1-2 - State game commission; appointment; term.
Section 17-1-3 - Members to serve without compensation; per diem and mileage.
Section 17-1-4 - [Organization; annual and called meetings; secretary.]
Section 17-1-5.1 - Conservation services division; duties.
Section 17-1-6 - [Transfer of duties and obligations.]
Section 17-1-7 - [Position of reserve conservation officer created.]
Section 17-1-8 - [Qualifications of reserve conservation officers.]
Section 17-1-9 - Powers and duties of reserve conservation officers.
Section 17-1-10 - [Issuance of reserve conservation officer commissions; revocation.]
Section 17-1-11 - Conservation officers; official duties; insurance.
Section 17-1-13 - [Seal of director.]
Section 17-1-15 - Disbursement of money; limitation on expenditures.
Section 17-1-16 - Short title.
Section 17-1-17 - Purpose of act.
Section 17-1-18 - Bonding authority.
Section 17-1-19 - Bonds; form; terms.
Section 17-1-20 - Sale of bonds.
Section 17-1-21 - Proceeds from sale of bonds.
Section 17-1-22 - Security; retirement of bonds.
Section 17-1-23 - Construction.
Section 17-1-24 - Tax exemptions.
Section 17-1-27 - [Hearings on rules and regulations; petition; publication of notice of hearing.]
Section 17-1-28 - [Assent to act of congress concerning wildlife restoration projects.]
Section 17-1-29 - [Distribution of moneys received from United States government.]