NMSA 1978, § 7-27-3.1 — Transfer of investment powers

The functions, powers and duties vested by law relating to the investment or
reinvestment of money and the purchase, sale or exchange of investments or securities
of the severance tax permanent fund are transferred to the council. The state treasurer
shall maintain custody of the severance tax permanent fund but shall at all times render
the fund or any part of it available for investment in accordance with the provisions of
Sections 7-27-1 through 7-27-48 NMSA 1978.