Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | New Mexico |
| Effected Jurisdiction: | Rio Rancho Public School District 94 |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2022 |
| Program name: | Industrial Revenue Bonds (IRB) |
| Program purpose: | General Economic Development |
| Statutory authority: | Ordinance 04-19-16.7B and Ordinance 4-25-19.10 |
| Abating jurisdiction(s): | Sandoval County |
| Applicable taxes: | Ad valorem property tax; Gross Receipts and Compensating Taxes |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $7,338,553 |
| Reimbursement / offset: | $75,618 |
| Net revenue loss: | $7,262,935 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Intel Corporation is recipient |
| Document source: | https://www.osa-app.org/uploads/2022/b8e9607e-b427-44ae-9eb0-542d09420aa... |
