There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 73: Special Districts
Article 17: Conservancy Districts; General Provisions, 73-17-1 through 73-17-24
Section 73-17-22: Property, title, tax exempt.
NM Stat § 73-17-22 (1996 through 1st Sess 50th Legis) What's This?
73-17-22. Property, title, tax exempt.
Title to all rights and property acquired by any district, shall immediately and by operation of law, vest in such district in its corporate name; such property shall be held for the uses and purposes of the district, and shall be exempt from all taxation.
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