2021 New Mexico Statutes
Article 62 - Revenue Bonds
Section 4-62-3.1 - Exemption from taxation.

The bonds authorized by Chapter 4, Article 62 NMSA 1978 and the income from the bonds or any mortgages or other instruments executed as security for the bonds shall be exempt from all taxation by the state or any political subdivision of the state.
History: Laws 2001, ch. 126, § 2.
Effective dates. — Laws 2001, ch. 126 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2001, 90 days after adjournment of the legislature.

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Structure 2021 New Mexico Statutes

2021 New Mexico Statutes

Chapter 4 - Counties

Article 62 - Revenue Bonds

Section 4-62-1 - Revenue bonds; authority to issue; pledge of revenues; limitation on time of issuance.

Section 4-62-1.1 - Definitions.

Section 4-62-2 - Use of proceeds of bond issue.

Section 4-62-3 - Revenue bonds; terms.

Section 4-62-3.1 - Exemption from taxation.

Section 4-62-4 - Ordinance authorizing revenue bonds; two-thirds majority required; resolution authorizing revenue bonds to be issued and sold to the New Mexico finance authority.