A three-dollar ($3.00) surcharge shall be assessed for the period beginning March 1, 1996 and ending June 30, 2009 on the annual continuation of appointment fees imposed in Subsections E, F, N, S, W and X of Section 59A-6-1 NMSA 1978. The surcharge collected shall be distributed monthly to the New Mexico finance authority to be pledged irrevocably for the payment of principal, interest and any other expenses or obligations related to the bonds issued by the authority to finance information and communication equipment, including computer hardware and software, for the insurance division.
History: 1978 Comp., § 59A-6-1.1, enacted by Laws 1996, ch. 6, § 1; 2005, ch. 278, § 1.
ANNOTATIONSThe 2005 amendment, effective June 17, 2005, changed the ending date of the assessment period from March 1, 2006 to June 30, 2009 and changed the statutory reference from Subsections M, R, V and W to N, S, W, and X.