Tax exemption; no charge against state.

  1. Law
  2. New Mexico Statutes
  3. Public Schools
  4. Teacher Housing Revenue Bond
  5. Tax exemption; no charge against state.

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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.

History: Laws 2002, ch. 22, § 12.

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