New Mexico HB248 authorizes the issuance of general obligation bonds for capital projects, including senior citizen facilities, libraries, and higher.
New Mexico HB248, also known as the 2026 Capital Projects General Obligation Bond Act, authorizes the issuance of general obligation bonds for various capital projects. The proceeds will be used for senior citizen facility improvements, library acquisitions, and higher education, special schools, and tribal schools capital improvements and acquisitions. The bonds will be subject to voter approval at the 2026 general election. If approved, a general property tax will be levied to cover the principal, interest, and expenses related to the bonds.
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