The revenue bonds issued under authority of the Special Hospital District Act and the income from said bonds, all mortgages or other security instruments executed as security for such bonds, shall be exempt from all taxation by the state or any subdivision thereof.
History: 1978 Comp., § 4-48A-26, enacted by Laws 1981, ch. 84, § 17.
Structure 2021 New Mexico Statutes
Article 48A - Special Hospital Districts
Section 4-48A-1 - Short title.
Section 4-48A-2 - Definitions.
Section 4-48A-3.1 - Artesia special hospital district.
Section 4-48A-3.2 - Nor-Lea special hospital district.
Section 4-48A-3.3 - Jal special hospital district.
Section 4-48A-4 - Formation of special hospital district; petition.
Section 4-48A-5 - Formation of special hospital district; election.
Section 4-48A-5.1 - Voting in certain special hospital districts after formation.
Section 4-48A-6 - Board of trustees; terms; vacancies; removal.
Section 4-48A-7 - Board of trustees; qualifications; automatic removal.
Section 4-48A-8 - Board of trustees; organization; bond.
Section 4-48A-9 - Board of trustees; powers.
Section 4-48A-10 - Board of trustees; duties.
Section 4-48A-11 - Board of trustees; acquisition of existing hospital facilities; agreements.
Section 4-48A-12 - Board of trustees; issue of bonds.
Section 4-48A-13 - Bonds; form; interest; maturities.
Section 4-48A-14 - Imposition of tax for payment of bonds.
Section 4-48A-15 - Refunding bonds.
Section 4-48A-16 - Special tax imposed for special hospital district.
Section 4-48A-17 - Election procedures.
Section 4-48A-18 - Dissolution of the special hospital district.
Section 4-48A-20 - Hospital revenue bonds; authority to issue; pledge of revenues.
Section 4-48A-21 - Use of proceeds of bond issue.
Section 4-48A-22 - Revenue bonds; terms.
Section 4-48A-23 - Resolution authorizing revenue bonds.
Section 4-48A-24 - Revenue bonds not general obligations of special hospital district.
Section 4-48A-25 - Revenue bonds; security.
Section 4-48A-26 - Revenue bonds; exemption from taxation.
Section 4-48A-27 - Election not required.