NMSA 1978, § 7-1-6.70 — Distribution; land grant-merced assistance fund

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the land
grant-merced assistance fund in an amount equal to five-hundredths percent of the net
receipts attributable to the gross receipts tax after distributions have been made
pursuant to Sections 7-1-6.46 and 7-1-6.47 NMSA 1978.