New Mexico § 72-4-10 - Water revenue bonds, income, security instruments, agreements and revenue exempt from taxation
Full text of New Mexico New Mexico Statutes Annotated § 72-4-10 — Water revenue bonds, income, security instruments, agreements and revenue exempt from taxation, with citation guidance and answers to common questions.
§ 72-4-10. Water revenue bonds, income, security instruments, agreements and revenue exempt from taxation
The water revenue bonds authorized by this 1959 act [ 72-4-2 through 72-4-12 NMSA 1978 ] and the income from the water revenue bonds, all mortgages or other security instrument
executed as security for the water revenue bonds, all agreements made pursuant to
the provisions hereof and revenue derived therefrom by the county shall be exempt
from all taxation by the state of New Mexico, or any subdivision thereof.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 72-4-10
What does New Mexico Statutes Annotated § 72-4-10 cover?
Section 72-4-10 ("Water revenue bonds, income, security instruments, agreements and revenue exempt 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 § 72-4-10?
A common citation format is "New Mexico Statutes Annotated § 72-4-10" (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 § 72-4-10 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.