New Mexico lottery revenue bonds.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Severance Tax Bonding Act
  5. New Mexico lottery revenue bonds.

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The severance tax permanent fund may be invested in revenue bonds issued by the New Mexico lottery authority pursuant to the provisions of the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978]. The amount invested shall not exceed three million dollars ($3,000,000).

History: Laws 1995, ch. 155, § 36.

ANNOTATIONS

Effective dates. — Laws 1995, ch. 155, § 39 made Laws 1995, ch. 155, § 36 effective July 1, 1995.

Cross references. — For authorization to issue revenue bonds, see 6-24-26 NMSA 1978.


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