{"data":{"id":"us-nm/7-1-6.42","jurisdiction":"us-nm","citation":"7-1-6.42","heading":"Distribution; state building bonding fund; gross receipts tax.","body":"A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the state building bonding fund in the amount of five hundred thirty thousand dollars ($530,000) from the net receipts attributable to the gross receipts tax imposed by the Gross Receipts and Compensating Tax Act [Chapter 7, Article 9 NMSA 1978]. The distribution shall be made:\nA. after the required distribution pursuant to Section 7-1-6.4 NMSA 1978;\nB. contemporaneously with other distributions of net receipts attributable to the gross receipts tax for payment of debt service on outstanding bonds or to a fund dedicated for that purpose; and\nC. prior to any other distribution of net receipts attributable to the gross receipts tax.","path":["Chapter 7 - Taxation","ARTICLE 1 Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"7a0dc987de6b7491987f0b9b8005325433165c7370b43faef45614b09e882852","source_id":"us-nm","stale":false,"prev":"us-nm/7-1-6.41","next":"us-nm/7-1-6.42--2"},"notice":"GroundRules: Original legal text. Not legal advice."}