Measure on the ballot in the 2020 New Mexico General Election in New Mexico.
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Get StartedThis measure would authorize the sale and issuance of up to $33.29 million in general obligation bonds to construct or make capital improvements to certain senior citizen facilities across the state. This measure also provides for a general property tax imposition and levy for the payment of bond principal, interest, and expenses incurred in connection with the issuance of the bonds and the collection of the tax.
A "yes" vote on this measure is a vote for authorizing the sale and issuance of $33.3 million in bonds for senior citizen facilities improvements across the state.
A "no" vote on this measure is a vote against authorizing the sale and issuance of $33.3 million in bonds for senior citizen facilities improvements across the state.
"Our General Obligation Bonds are on our biennial election ballot and serve to provide necessary funding for most of the state infrastructure needs of universities, senior centers, and libraries among other things. As an ongoing activity, taxes remain stable while allowing funding for necessary improvements. Without these bonds, our institutions would slowly decline", in support of Bond Question A (Learn more)
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, 27 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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