All renewable energy transmission bonds are exempt from taxation by the state or any of its political subdivisions.
History: Laws 2007, ch. 3, § 12.
Effective date. — Laws 2007, ch. 3, § 19 made Laws 2007, ch. 3, § 12 effective July 1, 2007.
Structure New Mexico Statutes
Chapter 62 - Electric, Gas and Water Utilities
Article 16A - New Mexico Renewable Energy Transmission Authority Act
Section 62-16A-1 - Short title.
Section 62-16A-2 - Definitions.
Section 62-16A-3 - New Mexico renewable energy transmission authority created; organization.
Section 62-16A-4 - Authority; duties and powers.
Section 62-16A-5 - Renewable energy transmission bonds; appropriation of proceeds.
Section 62-16A-6 - Renewable energy transmission bonding fund created; money in the fund pledged.
Section 62-16A-7 - Authority to refund bonds.
Section 62-16A-8 - Renewable energy transmission bonds; form; execution.
Section 62-16A-9 - Procedure for sale of renewable energy transmission bonds.
Section 62-16A-11 - Suit may be brought to compel performance of officers.
Section 62-16A-12 - Renewable energy transmission bonds tax exempt.
Section 62-16A-13 - Renewable energy transmission authority operational fund.
Section 62-16A-14 - Report to legislature.