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NEW MEXICO STATUTES AND CODES
Section 22-19A-12 - Tax exemption; no charge against state.
22-19A-12. Tax exemption; no charge against state.
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 [22-19A-1 NMSA 1978] shall be a charge against or a debt of the state or any of its political subdivisions.
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