Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 17 - Finances of State Educational Institutions, 6-17-1 through 6-17-19. > Section 6-17-10 - Tax exemption of income-producing project bonds.

Section 6-17-10 - Tax exemption of income-producing project bonds.

6-17-10. [Tax exemption of income-producing project bonds.]

Bonds and all other evidences of indebtedness issued under the provisions of this act [6-17-1 to 6-17-13 NMSA 1978, except 6-17-1.1 NMSA 1978], shall forever be and remain free and exempt from taxation of this state and any subdivision thereof.