[Bonds tax exempt; investment of state funds.]

Bonds issued under this act [73-16-50 to 73-16-53 NMSA 1978] shall be exempt from all state, county, municipal, school and other taxes imposed by any taxing authority of the state of New Mexico, and shall be considered as such interest-bearing securities as the permanent funds of the state of New Mexico may be invested in, as provided by law. History: Laws 1941, ch. 108, § 3; 1941 Comp., § 77-2951; 1953 Comp., § 75-30-51.