Public Education Bond Issue
New Mexico Ballot Measure - Bond Question C
Election: Nov. 3, 2020 (General)
An Act Relating to General Obligation Bonds; Authorizing the Issuance and Sale of Capital Projects General Obligation Bonds to Make Capital Expenditures for Senior Citizen Facility Improvements, Construction and Acquisitions, for Library Acquisitions and for Capital Improvements and Acquisitions at Institutions of Higher Education, State Special Schools and Tribal Schools; Providing for a Property Tax Levy for Payment of Principal of, Interest on and Certain Costs Related to the Bonds; Requiring Approval of the Registered Voters at the 2020 General Election of the State; Declaring an Emergency.
"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?