44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999
RELATING TO STATE FINANCES; REPEALING THE PREMIUM TAX LITIGATION SURCHARGE; REVERTING THE BALANCE IN THE ACCOUNT; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. REVERSION.--The balance in public regulation commission account 306, premium tax litigation, is reverted to the general fund.
Section 2. REPEAL.--Laws 1988, Chapter 76, Section 7 is repealed.
Section 3. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.
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