NMSA 1978, § 7-9E-9 — Termination of the revolving fund

Should the revolving fund established pursuant to Section 6 [7-9E-6 NMSA 1978] of
the Laboratory Partnership with Small Business Tax Credit Act cease to be used for the
purposes stated in that act, any amounts remaining in the revolving fund, excluding
initial funding from nontax credit sources, shall be paid over to the department as
additional gross receipts taxes due. Such payment of additional gross receipts taxes
due shall be made in the second month following the month a determination is made
that the revolving fund ceases to be used for the purposes stated in that act.