Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 27 - Severance Tax Bonding Act, 7-27-1 through 7-27-48. > Section 7-27-10 - State board of finance shall issue bonds.

Section 7-27-10 - State board of finance shall issue bonds.

7-27-10. State board of finance shall issue bonds.

A.     The state board of finance is authorized to issue and sell severance tax bonds within the provisions of the Severance Tax Bonding Act [7-27-1 NMSA 1978], and no other agency of the state is authorized to issue or sell severance tax bonds.   

B.     The state board of finance may issue and sell supplemental severance tax bonds within the provisions of the Severance Tax Bonding Act, and no other agency of the state is authorized to issue or sell supplemental severance tax bonds.