New Mexico § 67-3-76 - Transportation bonds; exemption from taxation

Full text of New Mexico New Mexico Statutes Annotated § 67-3-76 — Transportation bonds; exemption from taxation, with citation guidance and answers to common questions.

§ 67-3-76. Transportation bonds; exemption from taxation

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.

Source: official New Mexico text · Last verified 2026-08-27

Related New Mexico Legal Topics

Frequently Asked Questions About New Mexico § 67-3-76

What does New Mexico Statutes Annotated § 67-3-76 cover?

Section 67-3-76 ("Transportation bonds; exemption from taxation") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite New Mexico § 67-3-76?

A common citation format is "New Mexico Statutes Annotated § 67-3-76" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of New Mexico law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.

How does New Mexico § 67-3-76 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.