Subject to the approval of the state investment council, the severance tax permanent fund may be invested in bonds, certificates of participation or other obligations issued pursuant to Section 33-1-19 NMSA 1978 for corrections related facilities.
History: 1978 Comp., § 7-27-5.22, enacted by Laws 1995, ch. 215, § 2.
Effective dates. — Laws 1995, ch. 215 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 1995, 90 days after the adjournment of the legislature.
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