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NEW MEXICO STATUTES AND CODES
Section 21-7-25 - Tax exemption of building and improvement bonds.
21-7-25. [Tax exemption of building and improvement bonds.]
Bonds issued under the provisions of this act [21-7-13, 21-7-14, 21-7-16 to 21-7-25 NMSA 1978], being for the sole purposes specified in Section 1 [21-7-13 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
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