Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-27-31

Severance tax income bond retirement fund created

Official textnmonesource.comlast amended

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.

Amendment history

Laws 1981 (1st S.S.), ch. 9, § 4.

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. 7-27-12.6 · 7-27-12.6
  2. 7-27-12.7 · 7-27-12.7
  3. 7-27-13 · Reserved
  4. 7-27-14 · Amount of tax; security for bonds
  5. 7-27-15 · Majority approval necessary for board action
  6. 7-27-16 · Form of bonds
  7. 7-27-17 · Execution of bonds
  8. 7-27-18 · Procedure for sale of bonds
  9. 7-27-19 · 7-27-19
  10. 7-27-20 · Expenses paid from severance tax bonding fund
  11. 7-27-21 · Treasurer to make bond payments and keep records
  12. 7-27-22 · 7-27-22
  13. 7-27-23 · Suit may be brought to compel performance of officers
  14. 7-27-24 · Bonds tax free
  15. 7-27-25 · No impairment of obligation of contract
  16. 7-27-26 · Severance tax bonding fund continued
  17. 7-27-27 · Purpose and intent
  18. 7-27-28 · Repealed
  19. 7-27-29 · Repealed
  20. 7-27-30 · Repealed
  21. 7-27-31 · Severance tax income bond retirement fund created
  22. 7-27-32 · Severance tax income bond retirement fund pledged
  23. 7-27-33 · Repealed
  24. 7-27-34 · Repealed
  25. 7-27-35 · Repealed
  26. 7-27-36 · Repealed
  27. 7-27-37 · Repealed
  28. 7-27-38 · Repealed
  29. 7-27-39 · Repealed
  30. 7-27-40 · Repealed
  31. 7-27-41 · Repealed
  32. 7-27-42 · Severance tax income bonds; legal investments
  33. 7-27-43 · 7-27-43
  34. 7-27-44 · Treasurer to make bond payments and keep records
  35. 7-27-45 · Repealed
  36. 7-27-46 · Suit may be brought to compel performance of officers
  37. 7-27-47 · Bonds tax-free
  38. 7-27-48 · 7-27-48
  39. 7-27-49 · 7-27-49
  40. 7-27-50 · Capital development and reserve fund
Full table of contents →