§ 21-3-24. Tax exemption of New Mexico highlands university bonds

That bonds issued under the provisions of this act [ 21-3-13 , 21-3-14 , 21-3-16 through 21-3-28 NMSA 1978 ], and the income thereupon being for the sole purposes specified in Section 1 [ 21-3-13 NMSA 1978 ] hereof, shall forever be and remain free and exempt from taxation by the state of New Mexico or any subdivision thereof.