4-60-12. Exemption from taxation.
77 words·~1 min read·
/nm/chapter-4-counties/article-60-county-pollution-control-revenue-bonds/4-60-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds authorized by the County Pollution Control Revenue Bond Act and the income from said bonds, all mortgages or other security instrument [instruments] executed as security for said bonds, all lease agreements made pursuant to the provisions hereof and revenue derived from any lease or sale by the county thereof shall be exempt from all taxation by New Mexico or any subdivision thereof.
History: 1978 Comp., § 4-60-12, enacted by Laws 1978, ch. 181, § 12.