New Mexico Capital Projects General Obligation Bond, Question A (2006)
Question A authorized the State of New Mexico to issue $15,958,000 in general obligation bonds in order to generate the funds with which to improve and build senior citizen facilities.
The 2006 Capital Projects General Obligation Bond Act authorizes the issuance and sale of senior citizen facility improvement and construction bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed fifteen million nine hundred fifty-eight thousand dollars ($15,958,000) to make capital expenditures for certain senior citizen facility improvements and construction projects and 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 the collection of the tax as permitted by law.
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