Governor Bill Richardson Signs 2008 General Obligation Bond Act
Press Release
Governor Bill Richardson Signs 2008 General Obligation Bond Act
Governor urges voters to support investment in New Mexico's future
Governor Bill Richardson today signed the largest Capital Projects General Obligation Bond Act in state history during a visit to the University of New Mexico. The comprehensive package includes a commitment of more than $180 million for New Mexico's colleges and universities.
"This will ensure that our colleges and universities remain on the forefront of technology and research and that we continue to build a highly skilled workforce and high-wage economy," Governor Richardson said. "I urge voters to support this investment in New Mexico's future when they head to the polls this November."
The $223.8 million capital outlay package is outlined in Senate Bill 333. It includes statewide authorizations through general obligation bonds for higher education and special school facilities, health-related facilities, senior citizen facilities and library acquisitions.
The following is a breakdown of issues and highlights:
$139.9 Million- Higher Education and Special School Facilities
$4 million for the University of New Mexico's new Film & Digital Media Facility located at Mesa del Sol
$12 million for Central New Mexico Community College's Westside campus
$19.8 million for New Mexico State University's Arts Complex
$57.8 Million for Health-Related Facilities
$17 million for UNM's Cancer Research & Treatment Center
$7 million for UNM's Dental Residency Phase I
$10 million for New Mexico's Behavioral Health Institute in Las Vegas
$14.7 Million for Senior Citizen Facilities and Equipment
$1.6 Million for Barelas Senior Center
$ 899,600 for Taos Pueblo Senior Center
$600,000 for Mora/Wagon Mound Senior Center
$11 Million for Library Acquisitions
$3 million for public school libraries
$3 million for public libraries
$3 million for academic libraries
$2 million for tribal libraries
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