Private Activity Bond Allocation to Small Issue Projects Employment Information - New Mexico

Private Activity Bond Allocation to Small Issue Projects Employment Information is a legal document that was released by the New Mexico Department of Finance and Administration - a government authority operating within New Mexico.

FAQ

Q: What is a Private Activity Bond?A: A Private Activity Bond is a type of municipal bond issued by state or local government to finance private sector projects.

Q: What is a Small Issue Project?A: A Small Issue Project is a project that meets certain criteria set by the government, usually with a maximum bond allocation of $10 million.

Q: What is the purpose of the Private Activity Bond Allocation?A: The purpose of the Private Activity Bond Allocation is to provide financing opportunities for qualified private sector projects.

Q: What is the Employment Information requirement for Small Issue Projects in New Mexico?A: Small Issue Projects in New Mexico are required to provide employment information to demonstrate job creation or job retention benefits.

Q: How does the Employment Information requirement benefit New Mexico?A: The Employment Information requirement helps ensure that Small Issue Projects in New Mexico contribute to the local economy by creating or retaining jobs.

Q: Who is responsible for allocating Private Activity Bond to Small Issue Projects in New Mexico?A: The New Mexico Finance Authority is responsible for allocating Private Activity Bond to Small Issue Projects in New Mexico.

Q: How can a private sector project qualify for a Small Issue allocation in New Mexico?A: To qualify for a Small Issue allocation in New Mexico, a private sector project must meet certain criteria and submit a formal application to the New Mexico Finance Authority.