NMFA loan and subsidy agreement of $3,083,455 (Ordinance 1725)
Alamogordo
Summary
The commission was scheduled to consider a loan and subsidy agreement worth about $3.08 million with the New Mexico Finance Authority, following a public hearing. This is a significant city debt/financing commitment.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 9, 2026.
Impact analysis
The agreement totals $3,083,455 in loan and subsidy commitments.
Depends on the funded project; city residents would benefit from whatever infrastructure or purpose the loan finances.
Future city budgets that must service the debt.
Mentions & discussions (2)
City Commission - Jun 9, 2026
The commission was scheduled to consider a loan and subsidy agreement worth about $3.08 million with the New Mexico Finance Authority, following a public hearing. This is a significant city debt/financing commitment.
City Commission - May 12, 2026
Ordinance 1725 would authorize a loan and subsidy agreement with the state finance authority worth about $3.08 million — debt the city would take on for unspecified purposes on this agenda.
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