NMSA 1978, § 7-27-7 — Special income to retire bonds

When a law authorizing a severance tax bond issue or supplemental severance tax
bond issue contemplates the income of money for the retirement of the bond issue other
than or in addition to the money in the severance tax bonding fund, then the money
derived from such income shall be paid to the state treasurer and be credited to the
specific bond issue account and deposited in the severance tax bonding fund.