us-nm/stat
NMSA 1978, § 7-1-6.11 — Distributions of cigarette taxes
A.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the board
of regents of the university of New Mexico for the benefit of the comprehensive cancer
center at the university of New Mexico health sciences center in an amount equal to
seventy-one hundredths percent of the net receipts, exclusive of penalties and interest,
attributable to the cigarette tax.
B.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to
seven and fifty-two hundredths percent of the net receipts, exclusive of penalties and
interest, attributable to the cigarette tax, shall be made on behalf of and for the benefit
of the university of New Mexico health sciences center for its comprehensive cancer
center, until payment of all principal, interest and other expenses or obligations related
to the bonds authorized pursuant to Section 3 [6-21-6.15 NMSA 1978] of this 2021 act
and the New Mexico finance authority certifies to the secretary of taxation and revenue
that all obligations for the bonds have been fully discharged, to the credit enhancement
account.
C.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to
three and seventeen hundredths percent of the net receipts, exclusive of penalties and
interest, attributable to the cigarette tax shall be made to the New Mexico finance
authority for land acquisition and the planning, designing, construction and equipping of
department of health facilities or improvements to such facilities.
D.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to
eight and twenty-six hundredths percent of the net receipts, exclusive of penalties and
interest, attributable to the cigarette tax shall be made to the New Mexico finance
authority for deposit in the credit enhancement account created in the authority.
E.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to fifty-
three hundredths percent of the net receipts, exclusive of penalties and interest,
attributable to the cigarette tax shall be made, on behalf of and for the benefit of the
rural county cancer treatment fund, to the New Mexico finance authority.
Source: official text