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2025 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.]

Universal Citation:
NM Stat § 21-7-25 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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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.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 495, 526.

Constitutional enumeration of subjects of tax exemption as affecting power of legislature to free government securities or property from taxation, 9 A.L.R. 436.

84 C.J.S. Taxation § 260.

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