Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 19 - Southern Sandoval County Flood Control, 72-19-1 through 72-19-103. > Section 72-19-97 - Property exempt from general taxes.

Section 72-19-97 - Property exempt from general taxes.

72-19-97. Property exempt from general taxes.

The authority shall not be required to pay any general (ad valorem) taxes upon any property appertaining to any project authorized in the Southern Sandoval County Arroyo Flood Control Act [72-19-1 to 72-19-103 NMSA 1978] and acquired within the state nor the authority's interest therein.