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: | Lake Arthur Municipal School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Industrial Revenue Bonds (IRB) |
| Program purpose: | General Economic Development |
| Statutory authority: | Industrial Revenue Bond Act Section 4-59-1 to 4-59-16 NMSA |
| Abating jurisdiction(s): | Chaves County |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (N/A - no programs in 2019) |
| Gross revenue loss: | not reported |
| Reimbursement / offset: | $25,000 |
| Net revenue loss: | not reported |
| Type of loss: | Passive |
| Additional notes on dislosure: | Recipient of abatement is Anderson Wind Farm; Other information required for the GASB 77 disclosure was not provided to the District |
