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2019 New Mexico Statutes
Chapter 11 - Intergovernmental Agreements and Authorities
Article 3A - Regional Housing Law
Section 11-3A-22 - Exemption of property from taxation.
Universal Citation: NM Stat § 11-3A-22 (2019)
The real property of a housing project, as defined in the Regional Housing Law, is declared to be public property used for essential public and governmental purposes and is property of a regional housing authority of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the regional housing authority.
History: Laws 1994, ch. 132, § 22; 2009, ch. 48, § 15.
ANNOTATIONSCompiler's notes. — Laws 1995, ch. 191, § 25, effective June 16, 1995, repealed Laws 1994, ch. 132, § 30, which provided for the repeal of this section on July 1, 1995.
The 2009 amendment, effective March 31, 2009, added "regional housing authority".
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