{"data":{"id":"us-nm/7-27-2","jurisdiction":"us-nm","citation":"7-27-2","heading":"Severance tax bonding fund created.","body":"There is created the \"severance tax bonding fund\" into which shall be distributed, in accordance with the Tax Administration Act [Chapter 7, Article 1 NMSA 1978], the net receipts from taxes levied upon natural resource products severed and saved from the soil in accordance with the provisions of the Severance Tax Act [7-26-1 to 7-26-8 NMSA 1978] and the Oil and Gas Severance Tax Act [Chapter 7, Article 29 NMSA 1978] and into which shall be deposited such other money as the legislature may from time to time determine.","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":"56a9e273ccd636aab8b5f30638e07d6f2940d742edc9f803f9bc86b544e68047","source_id":"us-nm","stale":false,"prev":"us-nm/7-27-1","next":"us-nm/7-27-3"},"notice":"GroundRules: Original legal text. Not legal advice."}