dacc-single-advisory-board-meeting-agenda-august-26-2025_37a.pdf
Bond issuance approved for college upgrades
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Description
The resolution authorizes the issuance and sale of general obligation bonds not exceeding $6,000,000, payable from ad valorem taxes levied on taxable property within the district. The final maturity is no later than August 1, 2045, and the interest rate does not exceed 10% per annum. These bonds are for the purpose of improvements and infrastructure upgrades.
Contract Details
Contract Amount
$6,000,000
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
New Mexico State University-Dona Ana, NM
Contract Type
Bond Purchase
Document Date
August 26, 2025
Contract Term
20 years
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