New Mexico § 7-1-6.53 - Distribution; energy efficiency and renewable energy bonding fund; gross receipts tax
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.53 — Distribution; energy efficiency and renewable energy bonding fund; gross receipts tax, with citation guidance and answers to common questions.
§ 7-1-6.53. Distribution; energy efficiency and renewable energy bonding fund; gross receipts tax
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the energy efficiency and renewable energy bonding fund from the
net receipts attributable to the gross receipts tax imposed by the Gross Receipts
and Compensating Tax Act in an amount necessary to make the required bond debt service
payments pursuant to the Energy Efficiency and Renewable Energy Bonding Act as determined
by the New Mexico finance authority. The distribution shall be made: A. after the required distribution pursuant to Section 7-1-6.4 NMSA 1978; B. contemporaneously with other distributions of net receipts attributable to the
gross receipts tax for payment of debt service on outstanding bonds or to a fund dedicated
for that purpose; and C. prior to any other distribution of net receipts attributable to the gross receipts
tax.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.53
What does New Mexico Statutes Annotated § 7-1-6.53 cover?
Section 7-1-6.53 ("Distribution; energy efficiency and renewable energy bonding fund; gross receipts tax") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 7-1-6.53?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.53" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 7-1-6.53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.