DACC Single Advisory Board Meeting Agenda May 2026
DACC Sells $6M GO Bonds to NM Finance Authority
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Description
Doña Ana Community College District privately placed its $6,000,000 General Obligation (Limited Tax) Bonds, Series 2025 with the New Mexico Finance Authority at par to finance capital improvements and issuance costs. The bonds carry semiannual interest payments beginning February 1, 2026 and mature annually through August 1, 2037 under a Capital Projects Escrow Agreement.
Contract Details
Contract Amount
$6,000,000.00 (par amount of Bonds)
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
New Mexico State University-Dona Ana, NM
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Bonds dated date of issuance and delivery; mature annually August 1, 2026–August 1, 2037; interest payable semiannually beginning February 1, 2026
Renewal Date
2037-08-01
Renewal Info
Bonds maturing on and after August 1, 2036 are optionally redeemable at par on or after October 24, 2035, in $5,000 principal units, in whole or in part, in such order of maturities as the District determines.
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DACC Single Advisory Board Meeting Agenda May 2026
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DACC Single Advisory Board Meeting Agenda May 2026
dacc-single-advisory-board-meeting-agenda-august-26-2025_37a.pdf
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