The severance tax permanent fund may be invested in revenue bonds issued by the New Mexico lottery authority pursuant to the provisions of the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978]. The amount invested shall not exceed three million dollars ($3,000,000). History: Laws 1995, ch. 155, § 36. ANNOTATIONSEffective dates. — Laws 1995, ch. 155, § 39 made Laws 1995, ch. 155, § 36 effective July 1, 1995. Cross references. — For authorization to issue revenue bonds, see 6-24-26 NMSA 1978.
New Mexico Legal Code