{"data":{"id":"us-nm/6-19-17","jurisdiction":"us-nm","citation":"6-19-17","heading":"Nature of all bonds issued pursuant to act.","body":"Bonds issued pursuant to the authority of the Economic Advancement District Act:\nA. shall be legal investments for savings banks and insurance companies organized under the laws of this state; and\nB. shall be exempt from all taxation by the state or any political subdivision thereof.","path":["Chapter 6 - Public Finances","ARTICLE 19 Economic Advancement Districts"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"37d57f1f2cb3ad5f5d939dbf6b8882fd50ef116d947ad490106306c5a9908792","source_id":"us-nm","stale":false,"prev":"us-nm/6-19-16","next":"us-nm/6-19-18"},"notice":"GroundRules: Original legal text. Not legal advice."}