New Mexico Statutes

§ 72-18-68 — Securities and income exempt

New Mexico § 72-18-68

JurisdictionNew Mexico

Ch. 72Water Law

Art. 18Flood Control Districts

This text of New Mexico § 72-18-68 (Securities and income exempt) 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. § 72-18-68 (2026).

Text

Securities issued under the Flood Control District Act and the income therefrom are exempt from taxation by the district and any public body, except transfer, inheritance and estate taxes.

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Legislative History

Laws 1981, ch. 377, § 68.

Nearby Sections

15

§ 72-1-1

Natural waters; public

§ 72-1-10

Water utility authority; created; membership;

§ 72-1-11

Indian water rights settlements; approval of settlements;

§ 72-1-12

Indian water rights settlement fund

§ 72-1-2

[Water rights; appurtenant to land; priorities.]

§ 72-1-2.1

Water rights; change in ownership; filing and recording;

§ 72-1-2.2

Legislative findings; declaration of purpose

§ 72-1-2.3

Lower Pecos river basin below Sumner lake water bank;

§ 72-1-2.4

Pecos river; purpose; conditions for expenditures

§ 72-1-2.5

Pecos river basin land management fund

§ 72-1-2.6

Pecos river; purchase of additional water rights

§ 72-1-3

Declaration of water rights vested prior to 1907; form;

§ 72-1-4

[Declaration of water rights vested prior to 1907; force and

§ 72-1-5

Eminent domain; entry on property

§ 72-1-6

[Traveler's use of water.]

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Bluebook (online)

New Mexico § 72-18-68, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-18-68.