District Considers NMFA Loan for Desalination System
Alto Lakes Water And Sanitation DistrictSpecial District · Alto, NM- Disclosed value
- Total loan amount of $7,700,000; maximum repayable principal amount of no more than $1,925,000, plus interest and administrative fees
- From agenda
- Document date
- Jul 23, 2026
The 30-second brief
The Alto Lakes Water & Sanitation District is scheduled to consider a loan and subsidy agreement with the New Mexico Finance Authority. The proposed financing would support design and installation of a reverse osmosis desalination system, with a total loan amount of $7.7 million and a maximum repayable principal of $1.925 million plus interest and administrative fees.
New Mexico Finance Authority holds this financial services contract with Alto Lakes Water And Sanitation District. Its other public contracts on record include work for Santa Fe MPO and City of Lovington.
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Contract details
- Contract type
- Financial Services
- Amount
- Total loan amount of $7,700,000; maximum repayable principal amount of no more than $1,925,000, plus interest and administrative fees
- Document date
- July 23, 2026
- Source document
- Alto Lakes Water & Sanitation District Agenda Regular Meeting July 23, 2026 (Agenda)
New Mexico Finance Authority's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Alto Lakes Water And Sanitation District?
New Mexico Finance Authority was awarded this financial services contract by Alto Lakes Water And Sanitation District, as recorded on July 23, 2026. The contract value is Total loan amount of $7,700,000; maximum repayable principal amount of no more than $1,925,000, plus interest and administrative fees.
How much is the New Mexico Finance Authority contract with Alto Lakes Water And Sanitation District worth?
The New Mexico Finance Authority contract with Alto Lakes Water And Sanitation District is valued at Total loan amount of $7,700,000; maximum repayable principal amount of no more than $1,925,000, plus interest and administrative fees, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Alto Lakes Water & Sanitation District Agenda Regular Meeting July 23, 2026 (Agenda), dated July 23, 2026 from Alto Lakes Water And Sanitation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does New Mexico Finance Authority hold?
New Mexico Finance Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Alto Lakes Water And Sanitation District currently buying?
Explore Alto Lakes Water And Sanitation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.