New Mexico Statutes
§ 22-19-16 — Tax exemption; no charge against state
A.Bonds or other special obligations issued pursuant to the School Revenue Bond Act are exempt from taxation by the state or any of its political subdivisions.
B.No obligation created pursuant to the School Revenue Bond Act shall be a charge against or a debt of the state or any of its political subdivisions.
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Legislative History
1953 Comp., § 77-16-16, enacted by Laws 1967, ch. 16, § 255.
Nearby Sections
15
§ 22-1-1
Public School Code§ 22-1-1.1
Legislative findings and purpose§ 22-1-1.2
Legislative findings and purpose§ 22-1-11
Educational data system§ 22-1-16
Parental guidance for water safety§ 22-1-2
Definitions§ 22-1-2.1
Home school; requirements