New Mexico Statutes
§ 6-19-17 — Nature of all bonds issued pursuant to act
Bonds issued pursuant to the authority of the Economic Advancement District Act: A. shall be legal investments for savings banks and insurance companies organized under the laws of this state; and B. shall be exempt from all taxation by the state or any political subdivision thereof.
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New Mexico § 6-19-17 (Nature of all bonds issued pursuant to act) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1987, ch. 115, § 17.
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
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Payment methods authorized; fee§ 6-10-10
Deposit and investment of funds