The Tobacco Settlement Permanent Fund (TSPF) was established by New Mexico statute during Fiscal Year 2000 as the result of a legal settlement between most states and tobacco companies. The settlement provides ongoing annual payments, which currently go to the State's general fund for government operations. However, since fiscal year 2006, at least 50% of the settlement payments have been deposited into the TSPF. When the fund reaches sufficient size, it will retain all annual payments, and distributions will be based on the 4.7% formula used by the Severance Tax Permanent Fund.
 

	Land Grant Permanent Fund New Mexico's largest permanent fund was established by collecting leasing fees on the State's 13.4 million acres of mineral resources and 8.8 million acres of surface land...(more)
	Severance Tax Permanent Fund Receives severance taxes collected on natural resources extracted from New Mexico lands...(more)

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