New Mexico Statutes
Article 27 - Severance Tax Bonding Act
Section 7-27-37 - Repealed.

Repeals. — Laws 1986, ch. 20, § 136C repealed 7-27-37 NMSA 1978, as enacted by Laws 1981 (1st S.S.), ch. 9, § 10, relating to security for bonds, effective May 21, 1986.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 7 - Taxation

Article 27 - Severance Tax Bonding Act

Section 7-27-1 - Short title.

Section 7-27-2 - Severance tax bonding fund created.

Section 7-27-3 - Severance tax permanent fund created.

Section 7-27-3.1 - Transfer of investment powers.

Section 7-27-3.2 - Definition.

Section 7-27-3.3 - Severance tax permanent fund; annual distributions.

Section 7-27-4 - Repealed.

Section 7-27-5 - Investment of severance tax permanent fund.

Section 7-27-5.1 - Repealed.

Section 7-27-5.2 - Repealed.

Section 7-27-5.3 - Conventional mortgage pass-through securities.

Section 7-27-5.4 - New Mexico business investments.

Section 7-27-5.5 - Educational loan notes.

Section 7-27-5.6 - Repealed.

Section 7-27-5.7 - Repealed.

Section 7-27-5.8 - Repealed.

Section 7-27-5.9 - Repealed.

Section 7-27-5.10 - Repealed.

Section 7-27-5.11 - Repealed.

Section 7-27-5.12 - Repealed.

Section 7-27-5.13 - Educational institution research and development facilities revenue bonds.

Section 7-27-5.14 - Findings and purpose.

Section 7-27-5.15 - New Mexico private equity funds and New Mexico business investments.

Section 7-27-5.16 - Repealed.

Section 7-27-5.17 - Employers mutual company revenue bonds.

Section 7-27-5.18 - Purpose.

Section 7-27-5.19 - Deposits in New Mexico financial institutions; limitations.

Section 7-27-5.20 - Deposits in New Mexico credit unions.

Section 7-27-5.21 - New Mexico lottery revenue bonds.

Section 7-27-5.22 - Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities.

Section 7-27-5.23 - Repealed.

Section 7-27-5.24 - Severance tax permanent fund; investment in obligations issued for state capitol buildings and renovations.

Section 7-27-5.25 - Repealed.

Section 7-27-5.26 - Investment in films to be produced in New Mexico.

Section 7-27-5.27 - Local government emergency economic relief.

Section 7-27-6 - Severance tax bonding fund pledged.

Section 7-27-7 - Special income to retire bonds.

Section 7-27-8 - Transfer of money to severance tax permanent fund.

Section 7-27-9 - Bonds to be known as severance tax bonds and supplemental severance tax bonds.

Section 7-27-10 - State board of finance shall issue bonds.

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.

Section 7-27-11 - Authority to refund bonds.

Section 7-27-11.1 - Repealed.

Section 7-27-12 - When severance tax bonds to be issued.

Section 7-27-12.1 - Severance tax bonds; purpose for which issued; appropriation of proceeds.

Section 7-27-12.2 - Supplemental severance tax bonds; public school capital outlay and other projects.

Section 7-27-12.3 - Administration of certain bond proceeds appropriated to the public school capital outlay fund.

Section 7-27-12.4 - Authorization for severance tax bonds for severance tax transportation fund; appropriation of proceeds.

Section 7-27-12.5 - Authorization for severance tax bonds; priority for infrastructure projects for colonias.

Section 7-27-14 - Amount of tax; security for bonds.

Section 7-27-15 - Majority approval necessary for board action.

Section 7-27-16 - Form of bonds.

Section 7-27-17 - Execution of bonds.

Section 7-27-18 - Procedure for sale of bonds.

Section 7-27-19 - Severance tax bonds and supplemental severance tax bonds legal investments.

Section 7-27-20 - Expenses paid from severance tax bonding fund.

Section 7-27-21 - Treasurer to make bond payments and keep records.

Section 7-27-22 - Severance tax bonding act to be full authority for issuance of bonds.

Section 7-27-23 - Suit may be brought to compel performance of officers.

Section 7-27-24 - Bonds tax free.

Section 7-27-25 - No impairment of obligation of contract.

Section 7-27-26 - Severance tax bonding fund continued.

Section 7-27-27 - Purpose and intent.

Section 7-27-28 - Repealed.

Section 7-27-29 - Repealed.

Section 7-27-30 - Repealed.

Section 7-27-31 - Severance tax income bond retirement fund created.

Section 7-27-32 - Severance tax income bond retirement fund pledged.

Section 7-27-33 - Repealed.

Section 7-27-34 - Repealed.

Section 7-27-35 - Repealed.

Section 7-27-36 - Repealed.

Section 7-27-37 - Repealed.

Section 7-27-38 - Repealed.

Section 7-27-39 - Repealed.

Section 7-27-40 - Repealed.

Section 7-27-41 - Repealed.

Section 7-27-42 - Severance tax income bonds; legal investments.

Section 7-27-43 - Expenses paid from severance tax income bond retirement fund.

Section 7-27-44 - Treasurer to make bond payments and keep records.

Section 7-27-45 - Repealed.

Section 7-27-46 - Suit may be brought to compel performance of officers.

Section 7-27-47 - Bonds tax-free.

Section 7-27-48 - Temporary provision; no impairment of obligation of contract.

Appendix - Appendix to Article 27