us-nm/stat
NMSA 1978, § 7-27-10 — State board of finance shall issue bonds
A.
The state board of finance is authorized to issue and sell severance tax bonds
within the provisions of the Severance Tax Bonding Act, and no other agency of the
state is authorized to issue or sell severance tax bonds.
B.
For fiscal year 2024, the state board of finance is authorized to issue and sell up
to five hundred million dollars ($500,000,000) of severance tax bonds or notes in
addition to all other authorized issuances. The actual amount shall be determined by
the state board of finance after all other authorized issuances are made. Proceeds from
the sale of these bonds or notes shall be deposited in the capital development and
reserve fund.
C.
The state board of finance may issue and sell supplemental severance tax bonds
within the provisions of the Severance Tax Bonding Act, and no other agency of the
state is authorized to issue or sell supplemental severance tax bonds.
Source: official text