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NM SB48
Bill
AI Summary
- Authorizes the State Fairgrounds District to issue bonds up to $92 million in net proceeds for district purposes
- Bonds are part of the larger $500 million total bond issuance authority previously granted to the district under Section 6-35-7 NMSA 1978
- Bonds will be secured by state gross receipts tax distributions and gaming tax distributions made pursuant to Section 7-1-6.73 NMSA 1978
- Amends the State Fairgrounds District Act (Chapter 6, Article 35 NMSA 1978) to add this bond authorization provision
Legislative Description
State Fairgrounds District Bonds
Last Action
Signed by Governor - Chapter 33 - Mar. 5
3/5/2026
Committee Referrals
Commerce & Economic Development2/9/2026
Committees1/21/2026
Full Bill Text
No bill text available