There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 50: Municipal Parking, 3-50-1 through 3-50-22
Section 3-50-18: Bonds; exemption from taxation.
NM Stat § 3-50-18 (1996 through 1st Sess 50th Legis) What's This?
3-50-18. Bonds; exemption from taxation.
Bonds and other evidences of indebtedness issued under the provisions of the Municipal Parking Law [3-50-1 to 3-50-22 NMSA 1978] shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
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