Refunds shall be made hereunder, of any money erroneously distributed to any permanent fund, only out of that part of the state lands maintenance fund distributable to that beneficiary into whose permanent fund the erroneous distribution was made. Provided, however, in the event the fund distributable to a beneficiary for the current fiscal year is insufficient to pay an approved refund, a temporary loan may be made to that beneficiary from that part of the maintenance fund as represents receipts for fees and copies. Such loans are repayable from distributable funds allocated to the beneficiary for the following fiscal year.
History: 1978 Comp., § 19-7-63, enacted by Laws 1979, ch. 234, § 4.
Repeals and reenactments. — Laws 1979, ch. 234, § 4, repealed former 19-7-63 NMSA 1978, relating to the prohibition of refunds of money distributed to permanent funds and the bar of claims for refund not filed within a certain time, and enacted a new section.
Cross references. — For time for filing claim for refund, see 19-7-60 NMSA 1978.
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