44th legislature - STATE OF NEW MEXICO - second session, 2000

RELATING TO STATE REVENUES; PROVIDING FOR A TRANSFER TO THE LOTTERY TUITION FUND OF AMOUNTS RECEIVED BY THE STATE PURSUANT TO CERTAIN REVENUE-SHARING AGREEMENTS WITH INDIAN NATIONS, TRIBES OR PUEBLOS; MAKING AN APPROPRIATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. RECEIPTS PURSUANT TO REVENUE-SHARING AGREEMENTS--TRANSFER TO THE LOTTERY TUITION FUND.--Upon the receipt of a payment from an Indian nation, tribe or pueblo pursuant to a revenue-sharing agreement entered into pursuant to Section 11-13-2 NMSA 1978 or any other agreement that provides for the state to receive a share of the net win from Indian gaming revenue, an amount equal to the payment received by the state shall be transferred from the general fund to the lottery tuition fund.