The bonds herein authorized shall be entitled to all the privileges of tax exemption and be eligible for the investment of state funds in like manner as provided for conservancy bonds under the provisions of Sections 507 and 508 [73-16-8, 73-16-9 NMSA 1978] of the Conservancy Act [of New Mexico]. History: Laws 1935, ch. 37, § 6; 1941 Comp., § 77-2934; 1953 Comp., § 75-30-34. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — For the meaning of "Conservancy Act", see compiler's notes following 73-14-1 NMSA 1978.
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