{"data":{"id":"us-nm/22-19-16","jurisdiction":"us-nm","citation":"22-19-16","heading":"Tax exemption; no charge against state.","body":"A. Bonds or other special obligations issued pursuant to the School Revenue Bond Act are exempt from taxation by the state or any of its political subdivisions.\nB. No obligation created pursuant to the School Revenue Bond Act shall be a charge against or a debt of the state or any of its political subdivisions.","path":["Chapter 22 - Public Schools","ARTICLE 19 School Revenue Bonds"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"546ee8749ba62eb192422aba1730ad236d8c7aa9f89095bbdce4e12ab1885a1a","source_id":"us-nm","stale":false,"prev":"us-nm/22-19-15","next":"us-nm/22-19a-1"},"notice":"GroundRules: Original legal text. Not legal advice."}