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: | New Mexico |
| Effected Jurisdiction: | City of Rio Rancho |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2018 |
| Program name: | Titan City Center, LLC Project - Industrial Revenue Bonds Series 2009 |
| Program purpose: | General Economic Development |
| Statutory authority: | Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated |
| Abating jurisdiction(s): | Rio Rancho, New Mexico |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | by agreement |
| Gross revenue loss: | $126,678 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $126,678 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.rrnm.gov/436/Financial-Statements |
