Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Severance Tax Bonding Act
  5. Severance tax permanent fund; investment in obligations issued under Section 33-1-19 NMSA 1978 for corrections facilities.

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Subject to the approval of the state investment council, the severance tax permanent fund may be invested in bonds, certificates of participation or other obligations issued pursuant to Section 33-1-19 NMSA 1978 for corrections related facilities.

History: 1978 Comp., § 7-27-5.22, enacted by Laws 1995, ch. 215, § 2.

ANNOTATIONS

Effective dates. — Laws 1995, ch. 215 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 1995, 90 days after the adjournment of the legislature.


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