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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-12-15

County and municipality recreational fund; distribution

Official textnmonesource.comlast amended

# A.

There is created in the state treasury a fund to be known as the "county and municipality recreational fund." At the end of each month the state treasurer shall distribute all sums remaining in the county and municipality recreational fund to each county and municipality in the state as follows:

# (1)

to each county in the proportion that the sales of cigarettes made within the county borders, exclusive of sales within any municipality in that county, bears to the total sales of cigarettes in the state during such month; and

# (2)

to each municipality in the proportion that the sales of cigarettes made within the municipality during such month bears to the total sales of cigarettes in the state for such month.

# B.

The funds distributed to the counties and municipalities under this section shall be used for recreational facilities and salaries of instructors and other employees necessary to the operation of such facilities. Such recreational facilities shall be for the use of all persons, and juveniles and elderly persons shall not be excluded. Each county or municipality shall establish a fund to be known as the "recreational fund" into which all moneys received from the county and municipality recreational fund shall be deposited. As used in this section, "juvenile" means every person under the age of majority and "elderly person" means every person over the age of sixty years.

Amendment history

1953 Comp., § 72-14-14.1, enacted by Laws 1968, ch. 50, § 5; 1969, ch. 23, § 2; 1973, ch. 138, § 28.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (29 sections)
  1. 7-12-1 · Cigarette Tax Act; short title
  2. 7-12-2 · Definitions
  3. 7-12-3 · 7-12-3
  4. 7-12-3.1 · 7-12-3.1
  5. 7-12-3.2 · Cigarette inventories
  6. 7-12-4 · Exemption
  7. 7-12-4.1 · Cigarette tax; tribal sales; tax-credit stamps
  8. 7-12-5 · Affixing stamps
  9. 7-12-6 · Waiver of requirement that stamps be affixed
  10. 7-12-7 · Sale of stamps; prices
  11. 7-12-8 · Redemption of stamps
  12. 7-12-9 · Repealed
  13. 7-12-9.1 · Licensing; general licensing provisions
  14. 7-12-9.2 · Distributor's license
  15. 7-12-9.3 · Manufacturer's license
  16. 7-12-9.4 · Retail sale of cigarettes
  17. 7-12-10 · Repealed
  18. 7-12-10.1 · 7-12-10.1
  19. 7-12-11 · 7-12-11
  20. 7-12-12 · Shipment of unstamped cigarettes in New Mexico
  21. 7-12-13 · Repealed
  22. 7-12-13.1 · Civil penalties
  23. 7-12-13.2 · 7-12-13.2
  24. 7-12-14 · Repealed
  25. 7-12-15 · County and municipality recreational fund; distribution
  26. 7-12-16 · County and municipal cigarette tax fund; distribution
  27. 7-12-17 · Reporting requirements; penalty
  28. 7-12-18 · Reports
  29. 7-12-19 · 7-12-19
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