All real property owned or held by a city for the purposes of the Municipal Housing Law shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall be issued against the same nor shall any judgment against a city be a charge or lien on such real property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to pursue any remedies for the enforcement of any pledge or lien given to them on rents, fees or revenues.
History: 1953 Comp., ยง 14-46-18, enacted by Laws 1965, ch. 300.
Structure 2021 New Mexico Statutes
Article 45 - Municipal Housing
Section 3-45-1 - Municipal Housing Law; short title.
Section 3-45-2 - Finding and declaration of necessity.
Section 3-45-5 - Creation of authority.
Section 3-45-6 - Prohibited actions.
Section 3-45-7 - Removal of commissioners.
Section 3-45-8 - Eminent domain.
Section 3-45-9 - Operation not for profit.
Section 3-45-10 - Sales, rentals and tenant selection.
Section 3-45-12 - Form and sale of bonds; interest on certain obligations.
Section 3-45-13 - Provisions of bonds and trust indentures.
Section 3-45-14 - Construction of bond provisions.
Section 3-45-15 - Certification of attorney general.
Section 3-45-16 - Remedies of an obligee.
Section 3-45-17 - Additional remedies conferrable to an obligee.
Section 3-45-18 - Exemption of property from execution sale.
Section 3-45-19 - Exemption of property from taxation.
Section 3-45-20 - Aid from state or federal government.
Section 3-45-21 - Cooperation in undertaking housing projects or affordable housing programs.
Section 3-45-22 - Procedure for exercising powers.
Section 3-45-23 - Supplemental nature of the Municipal Housing Law.
Section 3-45-24 - Housing bonds; legal investments; security; negotiable.