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Board amends 2026 GOP bond resolution to add $137,000 Mescalero Apache Senior Center project
Summary
The board amended the authorizing resolution for State General Obligation Bonds, Series 2026, to add a $137,000 Mescalero Apache Senior Center project after the recipient agency reversed an earlier decision to decline funding; approval was unanimous.
The State Board of Finance unanimously approved an amendment to the authorizing and delegating resolution for the State of New Mexico General Obligation Bonds, Series 2026, to include one project that had previously been excluded.
Bond counsel Luis Carrasco explained that a recipient agency initially declined the 2024 bond allocation for the Mescalero Apache Senior Center ($137,000), but later reconsidered and indicated the project was ready to receive funding after due diligence. The board approved the amendment to the bond resolution without additional condition.
The amendment allows the Mescalero Apache Senior Center project to be financed from the bond issuance up to the board-authorized maximum principal amount of $65,372,000 for the series.
