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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-27-2

Severance tax bonding fund created

Official textnmonesource.comlast amended

There is created the "severance tax bonding fund" into which shall be distributed, in accordance with the Tax Administration Act [Chapter 7, Article 1 NMSA 1978], the net receipts from taxes levied upon natural resource products severed and saved from the soil in accordance with the provisions of the Severance Tax Act [7-26-1 to 7-26-8 NMSA 1978] and the Oil and Gas Severance Tax Act [Chapter 7, Article 29 NMSA 1978] and into which shall be deposited such other money as the legislature may from time to time determine.

Amendment history

1953 Comp., § 72-18-30, enacted by Laws 1961, ch. 5, § 3; 1973, ch. 294, § 1; 1985, ch. 65, § 26.

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

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In this article (40 sections)
  1. 7-27-1 · Short title
  2. 7-27-2 · Severance tax bonding fund created
  3. 7-27-3 · Severance tax permanent fund created
  4. 7-27-3.1 · Transfer of investment powers
  5. 7-27-3.2 · Definition
  6. 7-27-3.3 · Severance tax permanent fund; annual distributions
  7. 7-27-4 · Repealed
  8. 7-27-5 · Investment of severance tax permanent fund
  9. 7-27-5.1 · Repealed
  10. 7-27-5.2 · Repealed
  11. 7-27-5.3 · Conventional mortgage pass-through securities
  12. 7-27-5.4 · New Mexico business investments
  13. 7-27-5.5 · Educational loan notes
  14. 7-27-5.6 · Repealed
  15. 7-27-5.7 · Repealed
  16. 7-27-5.8 · Repealed
  17. 7-27-5.9 · Repealed
  18. 7-27-5.10 · Repealed
  19. 7-27-5.11 · Repealed
  20. 7-27-5.12 · Repealed
  21. 7-27-5.13 · 7-27-5.13
  22. 7-27-5.14 · Findings and purpose
  23. 7-27-5.15 · 7-27-5.15
  24. 7-27-5.16 · Repealed
  25. 7-27-5.17 · Employers mutual company revenue bonds
  26. 7-27-5.18 · Purpose
  27. 7-27-5.19 · Deposits in New Mexico financial institutions; limitations
  28. 7-27-5.20 · Deposits in New Mexico credit unions
  29. 7-27-5.21 · New Mexico lottery revenue bonds
  30. 7-27-5.22 · 7-27-5.22
  31. 7-27-5.23 · Repealed
  32. 7-27-5.24 · 7-27-5.24
  33. 7-27-5.25 · Repealed
  34. 7-27-5.26 · Investment in films to be produced in New Mexico
  35. 7-27-5.27 · Local government emergency economic relief
  36. 7-27-6 · Severance tax bonding fund pledged
  37. 7-27-7 · Special income to retire bonds
  38. 7-27-8 · Transfer of money to severance tax permanent fund
  39. 7-27-9 · 7-27-9
  40. 7-27-10 · State board of finance shall issue bonds
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