The real property of a housing project, as defined in the Regional Housing Law, is declared to be public property used for essential public and governmental purposes and is property of a regional housing authority of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the regional housing authority.
§ 11-3A-22 NMSA 1978
Exemption of property from taxation
Known as the Regional Housing Law
The act spans §§ 11–11 (31 sections).
Laws 1994, ch. 132, § 22; 2009, ch. 48, § 15.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.