Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 16 - Albuquerque Metropolitan Arroyo Flood Control, 72-16-1 through 72-16-103. > Section 72-16-98 - Securities and income therefrom exempt.

Section 72-16-98 - Securities and income therefrom exempt.

72-16-98. Securities and income therefrom exempt.

Securities issued hereunder and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes.