Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 48A - Special Hospital Districts, 4-48A-1 through 4-48A-30. > Section 4-48A-26 - Revenue bonds; exemption from taxation.

Section 4-48A-26 - Revenue bonds; exemption from taxation.

4-48A-26. Revenue bonds; exemption from taxation.

The revenue bonds issued under authority of the Special Hospital District Act [Chapter 4, Article 48A NMSA 1978] and the income from said bonds, all mortgages or other security instruments executed as security for such bonds, shall be exempt from all taxation by the state or any subdivision thereof.