The money in the severance tax income bond retirement fund is pledged for the principal and interest on all severance tax income bonds issued after the effective date of the Severance Tax Income Bonding Act.
History: Laws 1981 (1st S.S.), ch. 9, § 5.
Compiler's notes. — Pursuant to Laws 1981 (1st S.S.), ch. 9, § 23, the effective date of the Severance Tax Income Bonding Act was July 1, 1981.
The Severance Tax Income Bonding Act, referred to in this section, is presently compiled as 7-27-31, 7-27-32, 7-27-42 to 7-27-44, 7-27-46, and 7-27-47 NMSA 1978.
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