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Section 4-48B-24 - Revenue bonds; exemption from taxation.

NM Stat § 4-48B-24 (2019) (N/A)
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The revenue bonds issued under authority of the Hospital Funding Act and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.

History: 1978 Comp., § 4-48B-24, enacted by Laws 1981, ch. 83, § 24.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

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Section 4-48B-23 - Revenue bonds; security; restrictions and limitations.
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Section 4-48B-25 - Election not required.