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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-27-6

Severance tax bonding fund pledged

Official textnmonesource.comlast amended

# A.

The money in the severance tax bonding fund is first pledged for the payment of principal and interest on all severance tax bonds issued after the enactment of the Severance Tax Bonding Act.

# B.

The money in the severance tax bonding fund is second pledged, on a basis subordinate to any severance tax bonds then or thereafter outstanding, for the payment of principal and interest on all supplemental severance tax bonds issued after the enactment of the Severance Tax Bonding Act.

Amendment history

1953 Comp., § 72-18-31, enacted by Laws 1961, ch. 5, § 4; 1999 (1st S.S.), ch. 6, § 1.

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

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In this article (40 sections)
  1. 7-27-5.8 · Repealed
  2. 7-27-5.9 · Repealed
  3. 7-27-5.10 · Repealed
  4. 7-27-5.11 · Repealed
  5. 7-27-5.12 · Repealed
  6. 7-27-5.13 · 7-27-5.13
  7. 7-27-5.14 · Findings and purpose
  8. 7-27-5.15 · 7-27-5.15
  9. 7-27-5.16 · Repealed
  10. 7-27-5.17 · Employers mutual company revenue bonds
  11. 7-27-5.18 · Purpose
  12. 7-27-5.19 · Deposits in New Mexico financial institutions; limitations
  13. 7-27-5.20 · Deposits in New Mexico credit unions
  14. 7-27-5.21 · New Mexico lottery revenue bonds
  15. 7-27-5.22 · 7-27-5.22
  16. 7-27-5.23 · Repealed
  17. 7-27-5.24 · 7-27-5.24
  18. 7-27-5.25 · Repealed
  19. 7-27-5.26 · Investment in films to be produced in New Mexico
  20. 7-27-5.27 · Local government emergency economic relief
  21. 7-27-6 · Severance tax bonding fund pledged
  22. 7-27-7 · Special income to retire bonds
  23. 7-27-8 · Transfer of money to severance tax permanent fund
  24. 7-27-9 · 7-27-9
  25. 7-27-10 · State board of finance shall issue bonds
  26. 7-27-10.1 · 7-27-10.1
  27. 7-27-10.2 · 7-27-10.2
  28. 7-27-11 · Authority to refund bonds
  29. 7-27-11.1 · Repealed
  30. 7-27-12 · When severance tax bonds to be issued
  31. 7-27-12.1 · 7-27-12.1
  32. 7-27-12.2 · 7-27-12.2
  33. 7-27-12.3 · 7-27-12.3
  34. 7-27-12.4 · 7-27-12.4
  35. 7-27-12.5 · 7-27-12.5
  36. 7-27-12.6 · 7-27-12.6
  37. 7-27-12.7 · 7-27-12.7
  38. 7-27-13 · Reserved
  39. 7-27-14 · Amount of tax; security for bonds
  40. 7-27-15 · Majority approval necessary for board action
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