New Mexico Statutes
§ 67-3-76 — Transportation bonds; exemption from taxation
New Mexico § 67-3-76
This text of New Mexico § 67-3-76 (Transportation bonds; exemption from taxation) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 67-3-76 (2026).
Text
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.
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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Repealed§ 67-1-3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 casesCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 67-3-76, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/67/67-3-76.