Section 22-19A-12 - Tax exemption; no charge against state.

NM Stat § 22-19A-12 (2019) (N/A)
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Bonds are exempt from taxation by the state or any of its political subdivisions. No obligation created pursuant to the Teacher Housing Revenue Bond Act shall be a charge against or a debt of the state or any of its political subdivisions.

History: Laws 2002, ch. 22, § 12.