Measure on the ballot in the 2024 New Mexico General Election in New Mexico.
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Get StartedBond Question 3 would issue $230.3 million in bonds to fund various initiatives, including capital improvements and acquisitions at institutions of higher education, distinct schools, and tribal schools statewide. 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 $230.3 million in bonds to fund various initiatives, including capital improvements and acquisitions at institutions of higher education, distinct schools, and tribal schools statewide.
An "Against" vote opposes authorizing the state to issue $230.3 million in bonds to fund various initiatives, including capital improvements and acquisitions at institutions of higher education, distinct schools, and tribal schools statewide.
The 2024 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 two hundred thirty million two hundred fifty-eight thousand four hundred dollars ($230,258,400) 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
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