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NEW MEXICO STATUTES AND CODES
Section 6-19-17 - Nature of all bonds issued pursuant to act.
6-19-17. Nature of all bonds issued pursuant to act.
Bonds issued pursuant to the authority of the Economic Advancement District Act [6-19-1 to 6-19-18 NMSA 1978]:
A. shall be legal investments for savings banks and insurance companies organized under the laws of this state; and
B. shall be exempt from all taxation by the state or any political subdivision thereof.
New Mexico Law
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