The bonds authorized by the Eastern New Mexico Water Utility Authority Act and the income from the bonds shall be exempt from all taxation by the state or any political subdivision of the state.
History: Laws 2010, ch. 39, § 12.
Effective dates. — Laws 2010, ch. 39, § 21 made the Eastern New Mexico Water Utility Authority Act effective July 1, 2010.
Structure New Mexico Statutes
Chapter 73 - Special Districts
Article 27 - Eastern New Mexico Water Utility Authority
Section 73-27-1 - Short title.
Section 73-27-2 - Findings and purpose.
Section 73-27-3 - Definitions.
Section 73-27-4 - Eastern New Mexico water utility authority; created.
Section 73-27-5 - Board; appointment; terms.
Section 73-27-6 - Board; powers; duties.
Section 73-27-7 - Authority; powers.
Section 73-27-10 - Use of proceeds of revenue bond issue.
Section 73-27-11 - Revenue bonds; terms.
Section 73-27-12 - Exemption from taxation.
Section 73-27-13 - Resolution authorizing revenue bonds.
Section 73-27-14 - Revenue bonds not general obligations; authentication.
Section 73-27-16 - Bonds; refunding authorization.
Section 73-27-17 - Refunding bonds; terms.
Section 73-27-18 - Refunding bonds; escrow.
Section 73-27-19 - Public regulation commission and state engineer jurisdiction.