Investment Accounts Details

Investment Accounts Introduction

The State Investment Council (SIC) was established by statute in 1957 and is charged with managing New Mexico’s Permanent Funds.  The SIC now distributes more than $700 million annually to the benefit of NM schools and taxpayers, and its goal is to optimize annual distributions to the state’s operating budget, while preserving the real value of the Fund for future generations of New Mexicans.Enabling legislation of the SIC is located in Chapter 6-8-1, New Mexico Statutes Annotated (NMSA) 1978. In addition to the Land Grant, Severance Tax, Tobacco Settlement and Water Trust Permanent Funds, the Council manages investments for 17 governmental clients. Land Grant Permanent Fund (LGPF) – The Fergusson Act of 1898 and the Enabling Act of 1910 granted certain lands held by the federal government to the territory of New Mexico. Under the terms of these grants, it was stipulated that such lands, totaling 13.4 million acres, were to be held in trust for the benefit of the public schools and other specific public institutions.Severance Tax Permanent Fund (STPF) – The State of New Mexico levies a severance tax on certain natural resources extracted from land within the State. Severance tax revenues are first applied to pay the required debt service on Severance Tax Bonds issued by the State. Remaining severance tax revenues are then transferred to the SIC, which adds these amounts to the STPF. Tobacco Settlement Permanent Fund (TSPF) – The State of New Mexico receives monies in the Tobacco Settlement Permanent Fund pursuant to the master settlement agreement (which was executed on November 23, 1998) entered into between the tobacco product manufacturers and various states. Money in this fund is invested pursuant to Chapter 6-8, NMSA 1978 and income from investment of the fund is credited to the fund. Chapter 312, Laws of 2003 mandates that the Tobacco Settlement Permanent Fund shall be considered a reserve fund of the state.Water Trust Fund (WTF) – The water trust fund was created in the State Treasury and consists of monies appropriated, donated, or otherwise accrued to the fund. Money in the fund shall be invested by the state investment officer as land grant permanent funds are invested pursuant to Chapter 6-8, NMSA 1978.All funds managed by the SIC are long-term trust funds. The SIC establishes an investment policy, which includes the asset allocations, for the LGPF, STPF, TSPF, WTF, and the SUTF. The asset allocations and distribution policies for the other client funds are set by the client agencies.The Investment Holdings Report, which is provided by SIC, provides a monthly summary of the investments for each of the permanent funds and managed investments. The report consists of current market values for each investment, the current month’s diversification of investments, a summary of the monthly activity affecting the market value, and a preliminary performance report for several different periods ending with the current month.

Additional information regarding the SIC and the state’s Permanent Funds can be found at http://www.sic.state.nm.us

Disclaimer

Please note that the data contained on this website is raw, unaudited, and unconsolidated data and therefore will not agree to any audited or printed financial statements. The Investment Accounts Detail page displays data that is updated monthly, and represents the most-recent update.

By law, under the Inspection of Public Records Act, every person has the right to inspect public records of the State of New Mexico. The act also makes compliance with requests to inspect public records an integral part of the routine duties of the officers and employees of the State of New Mexico. This website does not contain information that is considered private or protected by state or federal law. While all of the information contained on this site is an open record, there may be additional public records available regarding this data. Additional records can be obtained by making a public records request to the appropriate records custodian(s) in the agency that possesses the documents in accordance with the law.

Contact Info

Media Inquiries and Requests for Public Records
New Mexico State Investment Council
SIC Public Information Officer
41 Plaza La Prensa
Santa Fe, NM 87507
Attn: Custodian of Records
Phone: (505) 476-9500
Fax: (505) 424-2510
Email: Charles.Wollmann@state.nm.us

Site Disclaimer

The New Mexico Sunshine Portal was created pursuant to the Sunshine Portal Transparency Act, NMSA 10-16D-1 et. seq, to provide public access to state government budgets, expenditures, revenue and specific public school district information, and to make such information accessible on one central website. The Sunshine Portal Transparency Act was enacted by the Fiftieth Legislature, First Session and signed into law by Governor Susana Martinez on March 30, 2011. The web site will be updated monthly, the currency of the data will be published on each information panel.