Tax exemption; no charge against state
NMSA 1978, § 22-19A-12
in effect22-19A-12. Tax exemption; no charge against state
Bonds are exempt from taxation by the state or any of its political subdivisions. No obligation created pursuant to the Teacher Housing Revenue Bond Act shall be a charge against or a debt of the state or any of its political subdivisions.
Laws 2002, ch. 22, § 12.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do#!b/22-19A-12Fetched: 10/20/2026
