New Mexico Statutes 7-27-2. Severance tax bonding fund created
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There is created the “severance tax bonding fund” into which shall be distributed, in accordance with the Tax Administration Act [N.M. Stat. Ann. Chapter 7, Article 1], the net receipts from taxes levied upon natural resource products severed and saved from the soil in accordance with the provisions of the Severance Tax Act N.M. Stat. Ann. § 7-26-1 to 7-26-8 and the Oil and Gas Severance Tax Act [N.M. Stat. Ann. Chapter 7, Article 29] and into which shall be deposited such other money as the legislature may from time to time determine.