The revenue bonds issued under authority of the Special Hospital District Act and the income from said bonds, all mortgages or other security instruments executed as security for such bonds, shall be exempt from all taxation by the state or any subdivision thereof.
§ 4-48A-26 NMSA 1978
Revenue bonds; exemption from taxation
Known as the Special Hospital District Act
The act spans §§ 4–4 (34 sections).
1978 Comp., § 4-48A-26, enacted by Laws 1981, ch. 84, § 17.
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.