To amend the Act of June 20, 1910, to protect the permanent trust funds of the State of New Mexico from erosion due to inflation and modify the basis on which distributions are made from those funds.
New Mexico Statehood and Enabling Act Amendments of 1997 - Amends Federal law to provide for distributions from the permanent trust funds of New Mexico, including all interest, dividends, other income, and appreciation in the market value of assets of the funds to be prudently invested on a total rate of return basis, and to be made as provided in the Constitution of the State of New Mexico. Declares that the Congress consents to the amendments to the Constitution of the State of New Mexico approved by the voters of New Mexico on November 5, 1996.
Became Public Law No: 105-37.
Introduced in House
Introduced in House
Referred to the House Committee on Resources.
Referred to the Subcommittee on National Parks and Public Lands.
Subcommittee Hearings Held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line