2011 New Mexico Statutes
Chapter 21: State and Private Education Institutions
Article 8: New Mexico State University, 21-8-1 through 21-8-43
Section 21-8-26: Bonds exempt from taxation.
21-8-26. [Bonds exempt from taxation.]
Bonds issued under the provisions of this act [21-8-15, 21-8-16, 21-8-18 to 21-8-26 NMSA 1978], being for the sole purposes specified in Section 1 [21-8-15 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. Such bonds may be deposited as security for public monies by depositaries thereof within the state of New Mexico.
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