7-27-32. Severance tax income bond retirement fund pledged.
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/nm/chapter-7-taxation/article-27-severance-tax-bonding-act/7-27-32·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The money in the severance tax income bond retirement fund is pledged for the principal and interest on all severance tax income bonds issued after the effective date of the Severance Tax Income Bonding Act.
History: Laws 1981 (1st S.S.), ch. 9, § 5.