Measure on the ballot in the 2024 New Mexico General Election in New Mexico.
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Get StartedThe bond measure would issue $30.75 million in bonds to fund improvements to facilities for senior citizens, including building upgrades and buying new equipment, through the New Mexico Aging and Long-term Services Department. A general obligation bond is a public debt and is paid for through state funds, specifically funds from a statewide property tax in New Mexico.
A "For" vote supports authorizing the state to issue $30,758,100 in bonds to fund senior citizens' facilities.
An "Against" vote opposes authorizing the state to issue $30,758,100 in bonds to fund senior citizens' facilities.
The 2024 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 million seven hundred fifty-eight thousand one hundred dollars ($30,758,100) 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?
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