Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 27 - Severance Tax Bonding Act, 7-27-1 through 7-27-48. > Section 7-27-5.21 - New Mexico lottery revenue bonds.

Section 7-27-5.21 - New Mexico lottery revenue bonds.

7-27-5.21. New Mexico lottery revenue bonds.

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 [6-24-1 NMSA 1978].  The amount invested shall not exceed three million dollars ($3,000,000).