New Mexico Bond Question 4 (2008)
New Mexico Bond Question 4, also known as Bond Question D, was on the November 4, 2008 ballot in New Mexico, along with three other bond questions as part of the 2008 Capital Projects General Obligation Bond Act passed by the New Mexico State Legislature.
All four bond measures were approved by voters, and the total amount is $223,802,000 ($22.3 million).
|Bond Question D (2008)|
Question 4 enacted the following provisions:
- Authorize the issuance and sale of higher educational and special schools capital improvement and acquisition bonds not to exceed $140,133,000.
- The funds would be for "certain higher educational and special schools capital improvements and acquisitions."
- Provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and for the collection of the tax as permitted by law.
Arguments in Support
Notable arguments made in support of the measure included:
- The bonds will benefit many areas with minimal impact financially
State of New Mexico
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