N.M. Stat. Ann. § 7-1-6.70
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the land grant-merced assistance fund in an amount equal to five-hundredths percent of the net receipts attributable to the gross receipts tax after distributions have been made pursuant to Sections 7-1-6.46 and 7-1-6.47 NMSA 1978.
History: Laws 2022, ch. 32, § 1.
Effective dates. — Laws 2022, ch. 32, § 3 made Laws 2022, ch. 32, § 1 effective July 1, 2022.