New Mexico Statutes
§ 67-3-76 — Transportation bonds; exemption from taxation
The construction, operation and maintenance of a transportation project by the state transportation commission shall constitute the performance of an essential governmental function. As such, the income from the transportation bonds issued pursuant to Chapter 67, Article 3 NMSA 1978 shall at all times be free from taxation by the state and by its political subdivisions.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 67-3-76 (Transportation bonds; exemption from taxation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1997, ch. 52, § 6; 2003, ch. 142, § 73.
Nearby Sections
15
§ 67-1-1
Short title§ 67-1-2
Repealed§ 67-1-3
Effective date§ 67-10-2
Rates and tolls; appeals§ 67-11-4
Design of controlled-access facility§ 67-11-6
Preference of condemnation cases