Section 4-48B-24 - Revenue bonds; exemption from taxation. - New-mexico Statutes

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Statutes > New-mexico > Chapter-4 > Article-48b > Section-4-48b-24

4-48B-24. Revenue bonds; exemption from taxation.

The revenue bonds issued under authority of the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978] and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.

State Codes and Statutes

Statutes > New-mexico > Chapter-4 > Article-48b > Section-4-48b-24

4-48B-24. Revenue bonds; exemption from taxation.

The revenue bonds issued under authority of the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978] and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.

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State Codes and Statutes

Statutes > New-mexico > Chapter-4 > Article-48b > Section-4-48b-24

4-48B-24. Revenue bonds; exemption from taxation.

The revenue bonds issued under authority of the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978] and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by the state or any political subdivision thereof.