{"data":{"id":"us-nm/7-27-5.17","jurisdiction":"us-nm","citation":"7-27-5.17","heading":"Employers mutual company revenue bonds.","body":"The severance tax permanent fund may be invested in revenue bonds issued by the employers mutual company under the authority of the Employers Mutual Company Act [52-9-1 to 52-9-24 NMSA 1978], provided that the amount invested shall not exceed ten million dollars ($10,000,000) and provided further that the bonds shall bear interest at a market rate not less than the existing rate of return for ten-year United States treasury bonds on the date of the bond sale.","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":"974d04e604d743518b99c365d4659505e68b53f3359c8f8f2e4df7c6d640cf30","source_id":"us-nm","stale":false,"prev":"us-nm/7-27-5.16","next":"us-nm/7-27-5.18"},"notice":"GroundRules: Original legal text. Not legal advice."}