Thirsty New Mexico Funnels Bond Authority to Water Projects

Williamson, Richard
June 2003
Bond Buyer;6/16/2003, Vol. 344 Issue 31657, p5
Trade Publication
Amid a prolonged drought that prompted New Mexico governor Bill Richardson to issue the second emergency declaration in as many years, the state has begun directing more of its bond authority toward unfunded water projects. Estimating the cost of needed water projects in the state at $4 billion, David Harris, executive director of the New Mexico Finance Authority, told the Legislature earlier in 2003 that the state needs to do a better job of marshaling financial resources to improve water supplies. Under House Bill 882, recently signed into law, New Mexico will use 10% of its severance tax bond issuance for water projects ranging from conservation to development of new supplies.


Related Articles

  • New Mexico Expects Strong Demand for $135 Million GO Sale. Williamson, Richard // Bond Buyer;2/4/2003, Vol. 343 Issue 31566, p30 

    Reports that New Mexico will sell 134.8 million dollar of general obligation bonds in the second week of February 2003 under Governor Bill Richardson. Legislative measures which Richardson expects to get implemented; Projects approved by voters in November 2002; Maximum life for which New...

  • New Mexico Lawmakers Send Capital Outlay Budget to Governor. Watts, Jim // Bond Buyer;3/14/2007, Vol. 359 Issue 32586, p27 

    The article reports on the 2008 capital outlay bill sent by New Mexico Lawmakers to their Governor Bill Richardson on March 12, 2007. The outlay bill features the call for the state to spend $622.1 million from severance tax bond proceeds and non-recurring general fund collections. Olivia...

  • NEW MEXICO: GRIP II Gets House OK. Watts, Jim // Bond Buyer;3/6/2007, Vol. 359 Issue 32580, p9 

    The article reports on the House of Representatives' endorsement of New Mexico Governor Bill Richardson's package of more than 100 bond-backed local transportation projects including work at the state's spaceport. The legislation authorizes the New Mexico Board of Finance to issue up to 250...

  • Campaign Finance Stuck in New Mexico. Watts, Jim // Bond Buyer;2/14/2006, Vol. 355 Issue 32319, p4 

    The article reports on the participation of New Mexico legislators in some of Governor Bill Richardson's plans to strengthen oversight of the State Treasurer's Office. The governor has opened the Legislature's budget session to the reform effort. Bond-related measures in committee include a bill...

  • NEW MEXICO: Richardson Gets His GRIP. Watts, Jim // Bond Buyer;7/22/2008, Vol. 365 Issue 32923, p9 

    The article reports that New Mexico Governor Bill Richardson has proposed a $200 million package of 13 road construction projects that would be financed with $100 million of energy severance tax bonds and $100 million from the state's surplus. It states that building the projects in the rural...

  • Off to the Rocket Races. Watts, Jim // Bond Buyer;1/24/2006, Vol. 355 Issue 32304, p27 

    The article reports that the New York City-based Rocket Racing League will relocate to the Las Cruces Airport in New Mexico in 2007. The league operates high-altitude races between rocket-powered planes. New Mexico Governor Bill Richardson is requesting the state Legislature to finance part of...

  • New Mexico Democrats Redraw Roadmap for Bond Issuers. Williamson, Richard // Bond Buyer;4/21/2003, Vol. 344 Issue 31618, p44 

    With Democrats firmly in control of the legislative and executive branches, New Mexico is changing its approach to public debt by loosening restrictions on some bond issuers while channeling funds from others toward critical needs. Governor Bill Richardson, one of the nation's most powerful...

  • Richardson Cries Victory After New Mexico Lawmakers OK $1.6B Package. Williamson, Richard // Bond Buyer;11/7/2003, Vol. 346 Issue 31757, p7 

    Reports on the victory declared by New Mexico governor Bill Richardson after contentious special legislative session that ignored his call for major tax reform. Authority of the bill to issue revenue bonds; Estimation of growth in state highway-bond debt; Rating of the outstanding highway...

  • New Mexico Governor OK's $4.4B Budget, $372M of Projects. Williamson, Richard // Bond Buyer;3/11/2004, Vol. 347 Issue 31839, p29 

    Reports that Governor Bill Richardson signed New Mexico's budget into law and approved legislation authorizing bond-financed projects across the state. Budget for fiscal 2005; Cash reserves; Signing of a legislation eliminating state gross receipts taxes on groceries and health care; Promise of...

  • NEW MEXICO: Richardson Boosts Spaceport. Watts, Jim // Bond Buyer;6/24/2008, Vol. 364 Issue 32905, p9 

    The article reports on a sales tax increase in Sierra County, New Mexico to provide additional funding for the Spaceport America in New Mexico from an initiative by Governor Bill Richardson. Voters in the county approved an additional 0.25 percent sales tax on April 22 that will support local...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics