There is a newer version of the New Mexico Statutes
2016 New Mexico Statutes
Chapter 72 - Water Law
Article 19 - Southern Sandoval County Flood Control
Section 72-19-98 - Securities and income therefrom exempt.
NM Stat § 72-19-98 (2016) What's This?
72-19-98. Securities and income therefrom exempt.
Securities issued under the Southern Sandoval County Arroyo Flood Control Act and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes.
History: Laws 1990, ch. 14, 98.
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