{"data":{"id":"us-nm/67-3-76","jurisdiction":"us-nm","citation":"67-3-76","heading":"Transportation bonds; exemption from taxation.","body":"The construction, operation and maintenance of a transportation project by the state transportation commission shall constitute the performance of an essential governmental function. As such, the income from the transportation bonds issued pursuant to Chapter 67, Article 3 NMSA 1978 shall at all times be free from taxation by the state and by its political subdivisions.","path":["Chapter 67 - Highways","ARTICLE 3 State Transportation Commission"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18570/index.do","current_through":"2026-05-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"43f9bb53ab71b9503be09000cd413062ffb1917bd5c6a5ccf5c3faeebde02859","source_id":"us-nm","stale":false,"prev":"us-nm/67-3-75","next":"us-nm/67-3-77"},"notice":"GroundRules: Original legal text. Not legal advice."}