Bond A
Text of the bond
The 2020 Capital Projects General Obligation Bond Act authorizes the issuance and sale of senior citizen facility improvement, construction, and equipment acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed thirty-three million two hundred ninety-two thousand one hundred forty-one dollars ($33,292,141) to make capital expenditures for certain senior citizen facility improvement, construction and equipment acquisition projects and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?
Understanding the bond
All bonds are public debt that will have to be paid back by New Mexico taxpayers through statewide property tax.
Bond Question A opens $33.29 million in general obligation bonds to make improvements to certain senior citizen centers across the state. Only one senior center in Cibola County would benefit from this bond, Acoma Pueblo senior center in Cibola county would receive $177,701.
Yes or no?
A “Yes” vote supports issuing $33.29 million in bonds to make improvements to senior citizen facilities.
A “No” vote is against issuing $33.29 million in bonds to make improvements to senior citizen facilities.
Bond B
Text of the bond
The 2020 Capital Projects General Obligation Bond Act authorizes the issuance and sale of library acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed nine million seven hundred fifty-one thousand four hundred thirty-three dollars ($9,751,433) to make capital expenditures for academic, public school, tribal and public library resource acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?
Understanding the bond
All bonds are public debt that will have to be paid back by New Mexico taxpayers through statewide property tax.
The bond allows for the issuance of $9.7 million in general obligation bonds for library improvements at public libraries, public school libraries, academic libraries, and tribal libraries statewide.
If passed the bill will allocate:
Cultural Affairs Department $3,500,000
Higher Education Department $3,000,000
Public Education Department $3,000,000
Yes or no?
A “Yes” vote supports the issuance of $9.7 million in general obligation bonds to pay for improvements to libraries across the state.
A “No” vote is against the issuance of $9.7 million in general obligation bonds to pay for improvements to libraries across the state.
Bond C
Text of the bond
The 2020 Capital Projects General Obligation Bond Act authorizes the issuance and sale of higher education, special schools and tribal schools’ capital improvement and acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed one hundred fifty-six million three hundred fifty-eight thousand four hundred seventy-five dollars ($156,358,475) to make capital expenditures for certain higher education, special schools and tribal schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?
Understanding the bond
All bonds are public debt that will have to be paid back by New Mexico taxpayers through statewide property tax.
This bond measure would allow for the issuance of $156 million in bonds to make improvements to certain schools across the state.
No schools in Cibola County would benefit from the bond, Navajo Technical University would receive $1,400,000.
Yes or no?
A “Yes” vote would be in support of issuing $156 million in bonds to make improvements to certain schools.
A “No” vote would be against the issuing of $156 million in bonds to make improvements to certain schools.