2011 New Mexico Statutes
Chapter 4: Counties
Article 48B: Hospital Funding, 4-48B-1 through 4-48B-29
Section 4-48B-24: Revenue bonds; exemption from taxation.
4-48B-24. Revenue bonds; exemption from taxation.
The revenue bonds issued under authority of the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978] and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.
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