A. A distribution pursuant to Section 7-1-6.1 N.M. Stat. Ann. shall be made to the public project revolving fund administered by the New Mexico finance authority in an amount equal to seventy-five percent of the amount of event center surcharge proceeds transferred to the tax administration suspense fund pursuant to the Municipal Event Center Funding Act N.M. Stat. Ann. § 3-66-1 to 3-66-11.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

B. A distribution pursuant to Section 7-1-6.1 N.M. Stat. Ann. shall be made to the energy, minerals and natural resources department in an amount equal to twenty-four percent of the amount of event center surcharge proceeds transferred to the tax administration suspense fund pursuant to the Municipal Event Center Funding Act.

C. A distribution pursuant to Section 7-1-6.1 N.M. Stat. Ann. shall be made to the cultural affairs department in an amount equal to one percent of the amount of event center surcharge proceeds transferred to the tax administration suspense fund pursuant to the Municipal Event Center Funding Act.