NMSA 1978, § 7-27-5.17 — Employers mutual company revenue bonds

The severance tax permanent fund may be invested in revenue bonds issued by the
employers mutual company under the authority of the Employers Mutual Company Act
[52-9-1 to 52-9-24 NMSA 1978], provided that the amount invested shall not exceed ten
million dollars ($10,000,000) and provided further that the bonds shall bear interest at a
market rate not less than the existing rate of return for ten-year United States treasury
bonds on the date of the bond sale.