SENATE BILL 381
56th legislature - STATE OF NEW MEXICO - first session, 2023
Nancy Rodriguez and Nathan P. Small
RELATING TO SEVERANCE TAX BONDS; CHANGING THE APPLICABILITY DATE OF SECTION 7-27-49 NMSA 1978 (BEING LAWS 2022, CHAPTER 38, SECTION 1) PERTAINING TO THE BONDING CAPACITY ALLOCATION FOR THE NEW MEXICO HOUSING TRUST FUND; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Laws 2022, Chapter 38, Section 3 is amended to read:
"APPLICABILITY.--The allocation of severance tax bonding capacity and the authorization of severance tax bonds for the New Mexico housing trust fund pursuant to Section [1 of this 2022 act] 7-27-49 NMSA 1978 shall commence with the severance tax bonding capacity estimated in January  2023."
SECTION 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.