The real property of a housing project, as defined in the Regional Housing Law, is declared to be public property used for essential public and governmental purposes and is property of a regional housing authority of this state and is exempt from taxation until a deed conveying that property to a nonexempt entity is executed and delivered by the regional housing authority. History: Laws 1994, ch. 132, § 22; 2009, ch. 48, § 15. ANNOTATIONSCompiler's notes. — Laws 1995, ch. 191, § 25, effective June 16, 1995, repealed Laws 1994, ch. 132, § 30, which provided for the repeal of this section on July 1, 1995. The 2009 amendment, effective March 31, 2009, added 'regional housing authority'.
New Mexico Legal Code