There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 16: Parks, Recreation and Fairs
Article 2: State Parks Division, 16-2-1 through 16-2-32
Section 16-2-27: Tax exemptions.
NM Stat § 16-2-27 (1996 through 1st Sess 50th Legis) What's This?
16-2-27. Tax exemptions.
The principal and income of bonds issued under the State Park and Recreation Bond Act [16-2-20 to 16-2-29 NMSA 1978] are exempt from all taxation by the state or any of its political subdivisions, except for inheritance and succession taxes.
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