New Mexico Statutes

§ 16-5-12 — Tax exemption of interest charged on loan

New Mexico·Ch. 16 Parks, Recreation and Fairs·Art. 5 Cumbres and Toltec Scenic Railroad

Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions.

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Legislative History

Laws 1989, ch. 26, § 6.

Nearby Sections

15

§ 16-1-1

§ 16-1-2

State supplemental fund

§ 16-1-3

Administration; state-federal-local cost sharing formula;

§ 16-1-4

Outdoor recreation plan

§ 16-2-1

§ 16-2-10

Secretary and employees prohibited from having interest

§ 16-2-11

Acquisition of lands for park and recreational purposes;

§ 16-2-12

Acquisition of federal land for park and recreational uses

§ 16-2-13

Title to park and recreational lands; acceptance

§ 16-2-14

Prior donations and grants accepted and confirmed

§ 16-2-15

Secretary's power to authorize transfer of park lands

§ 16-2-15.1

Elephant Butte lake lease lot lands; release of lease with

§ 16-2-16

Procedure for transfer of park lands or recreational areas

§ 16-2-17

§ 16-2-18

Acceptance of donations of money, equipment or material

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