Sandoval County Board of County Commissioners Agenda Packet October 2025
State Approves $5M LEDA Grant to Sandoval County
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Description
New Mexico Economic Development Department will transfer $5 million in LEDA grant funds to Sandoval County to support the hypersonic test and manufacturing project, with the county acting as fiscal agent and primary compliance administrator.
Contract Details
Contract Amount
$5,000,000
Vendor
NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT
Agency
Sandoval Fire Protection District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 22, 2025
Contract Term
November 1, 2025 – February 28, 2031 or duration of project obligations
Renewal Date
2031-02-28
Renewal Info
Funds to be disbursed in phases as project milestones are met; unused or recaptured funds to be returned. Agreement terminates upon project completion or February 28, 2031.
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