NMSA 1978, § 7-27-8 — Transfer of money to severance tax permanent fund

On each December 31 and each June 30 the state treasurer shall transfer to the
severance tax permanent fund all money in the severance tax bonding fund except the
amount necessary to meet all principal and interest payments on bonds payable from
the severance tax bonding fund on the next two ensuing semiannual payment dates.