The revenue bonds issued under authority of the Hospital Funding Act and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.
§ 4-48B-24 NMSA 1978
Revenue bonds; exemption from taxation
Known as the Hospital Funding Act
The act spans §§ 4–4 (29 sections).
1978 Comp., § 4-48B-24, enacted by Laws 1981, ch. 83, § 24.
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.