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NEW MEXICO STATUTES AND CODES
Section 7-27-8 - Transfer of money to severance tax permanent fund.
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.
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