Securities issued under the Southern Sandoval County Arroyo Flood Control Act and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes. History: Laws 1990, ch. 14, § 98.
Securities and income therefrom exempt
NMSA 1978, § 72-19-98 — under Article 19.
NMSA 1978, § 72-19-98