The bonds authorized by the Eastern New Mexico Water Utility Authority Act and the income from the bonds shall be exempt from all taxation by the state or any political subdivision of the state.
§ 73-27-12 NMSA 1978
Exemption from taxation
Known as the Eastern New Mexico Water Utility Authority Act
The act spans §§ 73–73 (19 sections).
Laws 2010, ch. 39, § 12.
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.