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: | City of Rio Rancho |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2020 |
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: | $136,068 |
Reimbursement / offset: | $0 |
Net revenue loss: | $136,068 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |