us-nm/stat
NMSA 1978, § 7-1-6.51 — Distribution; municipal event center surcharge
A.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the public
project revolving fund administered by the New Mexico finance authority in an amount
equal to seventy-five percent of the amount of event center surcharge proceeds
transferred to the tax administration suspense fund pursuant to the Municipal Event
Center Funding Act [3-66-1 to 3-66-11 NMSA 1978].
B.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the
energy, minerals and natural resources department in an amount equal to twenty-four
percent of the amount of event center surcharge proceeds transferred to the tax
administration suspense fund pursuant to the Municipal Event Center Funding Act.
C.
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the
cultural affairs department in an amount equal to one percent of the amount of event
center surcharge proceeds transferred to the tax administration suspense fund pursuant
to the Municipal Event Center Funding Act.
Source: official text