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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-27-16

Form of bonds

Official textnmonesource.comlast amended

# A.

The state board of finance, except as otherwise specifically provided in the
Severance Tax Bonding Act, shall determine at its discretion the terms, covenants and conditions of severance tax bonds and supplemental severance tax bonds, including but not limited to: date of issue, denominations, maturities, rate or rates of interest, call features, call premiums, registration, refundability and other covenants covering the general and technical aspects of the issuance of the bonds.

# B.

The bonds shall be in such form as the state board of finance may determine, and successive issues shall be identified by alphabetical, numerical or other proper series designation.

Amendment history

1953, Comp., § 72-18-40, enacted by Laws 1961, ch. 5, § 13; 1983, ch. 265, § 31; 1999 (1st S.S.), ch. 6, § 8.

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

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In this article (40 sections)
  1. 7-27-6 · Severance tax bonding fund pledged
  2. 7-27-7 · Special income to retire bonds
  3. 7-27-8 · Transfer of money to severance tax permanent fund
  4. 7-27-9 · 7-27-9
  5. 7-27-10 · State board of finance shall issue bonds
  6. 7-27-10.1 · 7-27-10.1
  7. 7-27-10.2 · 7-27-10.2
  8. 7-27-11 · Authority to refund bonds
  9. 7-27-11.1 · Repealed
  10. 7-27-12 · When severance tax bonds to be issued
  11. 7-27-12.1 · 7-27-12.1
  12. 7-27-12.2 · 7-27-12.2
  13. 7-27-12.3 · 7-27-12.3
  14. 7-27-12.4 · 7-27-12.4
  15. 7-27-12.5 · 7-27-12.5
  16. 7-27-12.6 · 7-27-12.6
  17. 7-27-12.7 · 7-27-12.7
  18. 7-27-13 · Reserved
  19. 7-27-14 · Amount of tax; security for bonds
  20. 7-27-15 · Majority approval necessary for board action
  21. 7-27-16 · Form of bonds
  22. 7-27-17 · Execution of bonds
  23. 7-27-18 · Procedure for sale of bonds
  24. 7-27-19 · 7-27-19
  25. 7-27-20 · Expenses paid from severance tax bonding fund
  26. 7-27-21 · Treasurer to make bond payments and keep records
  27. 7-27-22 · 7-27-22
  28. 7-27-23 · Suit may be brought to compel performance of officers
  29. 7-27-24 · Bonds tax free
  30. 7-27-25 · No impairment of obligation of contract
  31. 7-27-26 · Severance tax bonding fund continued
  32. 7-27-27 · Purpose and intent
  33. 7-27-28 · Repealed
  34. 7-27-29 · Repealed
  35. 7-27-30 · Repealed
  36. 7-27-31 · Severance tax income bond retirement fund created
  37. 7-27-32 · Severance tax income bond retirement fund pledged
  38. 7-27-33 · Repealed
  39. 7-27-34 · Repealed
  40. 7-27-35 · Repealed
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