Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 17 - Las Cruces Metropolitan Arroyo Flood Control, 72-17-1 through 72-17-103. > Section 72-17-97 - Property exempt from general taxes.

Section 72-17-97 - Property exempt from general taxes.

72-17-97. Property exempt from general taxes.

Thus, the authority shall not be required to pay any general ad valorem taxes upon any property appertaining to any project herein authorized and acquired within the state, nor the authority's interest therein.