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2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 19 - Economic Advancement Districts
Section 6-19-17 - Nature of all bonds issued pursuant to act.
Universal Citation: NM Stat § 6-19-17 (2019)
Bonds issued pursuant to the authority of the Economic Advancement District Act:
A. shall be legal investments for savings banks and insurance companies organized under the laws of this state; and
B. shall be exempt from all taxation by the state or any political subdivision thereof.
History: Laws 1987, ch. 115, ยง 17.
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