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2020 New Mexico Statutes
Chapter 73 - Special Districts
Article 16 - Conservancy Districts; Financial Administration
Section 73-16-52 - [Bonds tax exempt; investment of state funds.]
Universal Citation: NM Stat § 73-16-52 (2020)
Bonds issued under this act [73-16-50 to 73-16-53 NMSA 1978] shall be exempt from all state, county, municipal, school and other taxes imposed by any taxing authority of the state of New Mexico, and shall be considered as such interest-bearing securities as the permanent funds of the state of New Mexico may be invested in, as provided by law.
History: Laws 1941, ch. 108, § 3; 1941 Comp., § 77-2951; 1953 Comp., § 75-30-51.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
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