New Mexico Statutes
§ 71-10-6 — Revenue bonds; exemption from taxation
The bonds authorized by the Electric Generating Facility Economic District Act, the income from those bonds, mortgages or other security instruments executed as security for those bonds, lease agreements authorized by the Electric Generating Facility Economic District Act and revenue derived from a lease or sale by an authority are exempt from taxation by the state and its subdivisions.
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New Mexico § 71-10-6 (Revenue bonds; exemption from taxation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2020, ch. 78, § 6.
Nearby Sections
15
§ 71-10-1
Short title§ 71-10-10
Dissolution§ 71-10-11
Limitation of applicability§ 71-10-2
Definitions§ 71-10-3
Creation of a district§ 71-10-5
Authority; powers; duties§ 71-10-7
Bonding authority§ 71-10-8
Refunding bonds§ 71-2-10
Repealed§ 71-2-8
Confidentiality; penalty