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New Mexico · Through 2026-07-01

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

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Where this section sits in the code
  1. Chapter 7 - Taxation
  2. ARTICLE 27 Severance Tax Bonding Act

There is created the "severance tax income bond retirement fund." Transfers from the severance tax income fund shall be made monthly to the severance tax income bond retirement fund in an amount sufficient, when added to the balance in the fund, to meet all principal and interest payments on bonds payable from the severance tax income bond retirement fund during the next twelve months.

Collected 2026-09-03T15:02:19Z. Source file · JSON

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