Bonds and other evidences of indebtedness issued under the provisions of the Municipal Parking Law shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
§ 3-50-18 NMSA 1978
Bonds; exemption from taxation
Known as the Municipal Parking Law
The act spans §§ 3–3 (22 sections).
1953 Comp., § 14-51-18, enacted by Laws 1965, ch. 300.
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.