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.
New Mexico lottery revenue bonds
NMSA 1978, § 7-27-5.21 — under Article 27.
NMSA 1978, § 7-27-5.21