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.
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.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 7 - University of New Mexico
Section 21-7-1 - [Established as the state university; congressional benefits vested.]
Section 21-7-3 - Board of regents.
Section 21-7-4 - [Corporate powers of board.]
Section 21-7-6 - President; secretary and treasurer; duties and powers.
Section 21-7-7 - Board of regents; rules and regulations.
Section 21-7-8 - [Departmental organization.]
Section 21-7-9.1 - Purpose [of Spanish resource center.]
Section 21-7-9.2 - El centro de la raza created; purpose.
Section 21-7-10 - [Admission of students; rules and regulations.]
Section 21-7-11 - [Sectarianism prohibited.]
Section 21-7-12 - [Meetings of board of regents; quorum.]
Section 21-7-13 - [Building and improvement bonds; purposes; authority of board of regents.]
Section 21-7-14 - [Resolution for issuance of building and improvement bonds.]
Section 21-7-15 - Form and conditions of bonds.
Section 21-7-17 - [Disposition of proceeds of building and improvement bond sales.]
Section 21-7-19 - [Income pledged for redemption of building and improvement bonds.]
Section 21-7-21 - [Payment of principal and interest on building and improvement bonds.]
Section 21-7-22 - [Restrictions on use of building and improvement bond proceeds.]
Section 21-7-23 - [Payments by state treasurer relating to building and improvement bonds.]
Section 21-7-24 - [Issuance of building and improvement bonds in series; restrictions.]
Section 21-7-25 - [Tax exemption of building and improvement bonds.]
Section 21-7-26 - Temporary provision; medical residency programs; state cooperation.
Section 21-7-28 - Creation of the Taos branch community college of the university of New Mexico.
Section 21-7-29 - Rio Rancho campus for the university of New Mexico and other institutions.
Section 21-7-30 - State digital geospatial data clearinghouse designated; powers and duties.
Section 21-7-31 - Stephen Easley center for telehealth.
Section 21-7-32 - Off-campus instructional center for university of New Mexico in Valencia county.