NMSA 1978, § 7-27-31 — Severance tax income bond retirement fund created

There is created the "severance tax income bond retirement fund." Transfers from
the severance tax income fund shall be made monthly to the severance tax income
bond retirement fund in an amount sufficient, when added to the balance in the fund, to
meet all principal and interest payments on bonds payable from the severance tax
income bond retirement fund during the next twelve months.