Statutes > New Mexico Statutes > Chapter 21 - State and Private Education Institutions. > Article 7 - University of New Mexico, 21-7-1 through 21-7-29. > Section 21-7-25 - Tax exemption of building and improvement bonds.

Section 21-7-25 - Tax exemption of building and improvement bonds.

21-7-25. [Tax exemption of building and improvement bonds.]

Bonds issued under the provisions of this act [21-7-13, 21-7-14, 21-7-16 to 21-7-25 NMSA 1978], being for the sole purposes specified in Section 1 [21-7-13 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.