Statutes > New Mexico Statutes > Chapter 21 - State and Private Education Institutions. > Article 3 - Certain State Post-Secondary Schools, 21-3-1 through 21-3-31. > Section 21-3-24 - Tax exemption of New Mexico highlands university bonds.

Section 21-3-24 - Tax exemption of New Mexico highlands university bonds.

21-3-24. [Tax exemption of New Mexico highlands university bonds.]

That bonds issued under the provisions of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978], and the income thereupon being for the sole purposes specified in Section 1 [21-3-13 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by the state of New Mexico or any subdivision thereof.