NMSA 1978, § 7-39-10 — 7-39-10

Monthly report to department of finance and
administration; remittances to state and county treasurers; state
and county treasurers may distribute funds.

# A.

By the last day of each month, the department shall prepare and certify a report
to the secretary of finance and administration. The report shall be for the preceding
month and shall show the amount of copper production ad valorem tax distributed to the
copper production tax fund, the amount due the state and each taxing district imposing
a tax and any other information required by the secretary of finance and administration.
The secretary of finance and administration shall forthwith remit the appropriate
amounts from the copper production tax fund to the state treasurer and the county
treasurers who shall make the appropriate distribution, except as provided in
Subsection B of this section.

# B.

If the board of county commissioners notifies the secretary of finance and
administration that the county elects not to distribute the proceeds of the copper
production ad valorem tax due to the municipalities and school districts in the county,
the secretary of finance and administration shall pay amounts due directly to
municipalities and school districts within the county.