New Mexico § 75-12-1 - Conservation legacy permanent fund; created; investment; distribution
Full text of New Mexico New Mexico Statutes Annotated § 75-12-1 — Conservation legacy permanent fund; created; investment; distribution, with citation guidance and answers to common questions.
§ 75-12-1. Conservation legacy permanent fund; created; investment; distribution
A. The “conservation legacy permanent fund” is created as a nonreverting fund in the
state treasury. The fund consists of distributions, appropriations, gifts, grants, donations and
income from investment of the fund. Money in the fund shall be invested by the state investment officer with the same
risk and return profile as land grant permanent funds are invested pursuant to Chapter 6, Article 8 NMSA 1978 . Earnings from investment of the fund shall be credited to the fund. Money in the fund shall be expended only as provided by this section. B. If, on July 1 of each year, the conservation legacy permanent fund exceeds one
hundred fifty million dollars ($150,000,000) and the investment income to the fund
for the previous fiscal year exceeded five million dollars ($5,000,000), any investment
income to the fund from the previous fiscal year in excess of five million dollars
($5,000,000) shall be distributed to the land of enchantment legacy fund.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 75-12-1
What does New Mexico Statutes Annotated § 75-12-1 cover?
Section 75-12-1 ("Conservation legacy permanent fund; created; investment; distribution") 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 § 75-12-1?
A common citation format is "New Mexico Statutes Annotated § 75-12-1" (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 § 75-12-1 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.