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: | Deming Public School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Industrial Revenue Bonds (IRB) |
| Program purpose: | General Economic Development |
| Statutory authority: | New Mexico Statutes Annotated 1978 7-36-3 |
| Abating jurisdiction(s): | Luna County |
| Applicable taxes: | Property tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | Company pay difference between remaining payments in lieu of tax |
| Gross revenue loss: | $92,550 |
| Reimbursement / offset: | $57,450 |
| Net revenue loss: | $35,100 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Recipient of abatement is Macho Springs 1 Bondholder LLC |
