2016 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 7 - University of New Mexico
Section 21-7-25 - Tax exemption of building and improvement bonds.

NM Stat § 21-7-25 (2016) What's This?

21-7-25. [Tax exemption of building and improvement bonds.]

Bonds issued under the provisions of this act [21-7-13, 21-7-14, 21-7-16 to 21-7-25 NMSA 1978], being for the sole purposes specified in Section 1 [21-7-13 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.

History: Laws 1927, ch. 47, 13; C.S. 1929, 130-925; 1941 Comp., 55-2425; 1953 Comp., 73-25-25.

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