{"data":{"id":"us-nm/7-27-10.2","jurisdiction":"us-nm","citation":"7-27-10.2","heading":"Transfer to severance tax permanent fund before determining bonding capacity.","body":"On December 31 of each year from 2023 through 2033, the board of finance division of the department of finance and administration shall transfer ninety-two million dollars ($92,000,000) from the severance tax bonding fund to the severance tax permanent fund, unless the state board of finance determines that a lesser transfer amount is necessary pursuant to Section 7-27-8 NMSA 1978 to avoid a potential shortfall in debt service obligations.","path":["Chapter 7 - Taxation","ARTICLE 27 Severance Tax Bonding Act"],"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":"94b6d3e4b6a2c74403485db0d547d694aa5253269b3cd5fd2c8c121790ab3f38","source_id":"us-nm","stale":false,"prev":"us-nm/7-27-10.1","next":"us-nm/7-27-11"},"notice":"GroundRules: Original legal text. Not legal advice."}