Capital Details

Capital Projects Introduction

Each year, the Legislature introduces a list of projects to fund for local governments/communities located throughout the State of New Mexico. A project can be funded with severance tax bonds, general obligations bonds, or State General Fund monies.

The State issues general obligation bonds to provide funds for the acquisition, construction, and renovation of major capital facilities for local governments and state agencies and higher education institutions as authorized by the Legislature. General obligation bonds are direct obligations and pledge the full faith and credit of the State. Funding for the payment of the debt service of the general obligation bonds is provided through the collection of property taxes levied by the local governments receiving the funding for capital spending.

Severance tax bonds are used to fund the capital needs of state agencies, local governments, Indian tribes, and public and higher education institutions as authorized by the Legislature. Funding for the payment of the debt service of the severance tax bonds is provided through the collection of severance taxes levied on the mining and production of various natural resources. The severance tax bonds are secured by the levied taxes.

The Capital Projects Details page provides the project name and the amount appropriated to the project for the current year. Each project’s funding source is provided, as well as the county receiving the benefits of the project. Generally, the funding for a project is appropriated to an oversight department of the State before the local government/community receives the appropriation. The local government/community is required to enter into a grant agreement with the State prior to spending the appropriation. The appropriation is established on a reimbursement basis, which requires the local government to spend their own money first and request reimbursement from the State. In addition, each appropriation has an expiration date. Normally, a project’s funding is valid from two to four years; however, the Legislature may reauthorize the funding for a longer period of time. The Legislature may also reauthorize amounts that were not spent on one project for another project. Each project’s page provides the fiscal year the project was appropriated, expiration date, and appropriation ID and reference within the appropriate Bond Act.

To view the actual amounts expended for the projects, please visit the Department of Finance and Administration State Budget Division – Capital Outlay Bureau’s website http://www.nmdfa.state.nm.us/Capital_Outlay_Bureau.aspx and click on the Capital Project Appropriation Search link. You can enter any of the information found on the project screen to obtain additional details on the project.

Glossary

Departments – Describes each of the governmental units under the purview of the State of New Mexico that are required by statute to participate in the transparency initiative.

Organization – Defines the manner a department is organized functionally, starting at the top level and drilling down to lower levels. Each department defines its own organizational structure. For example, for the State of New Mexico organization, the highest level of organization is represented by its departments. The second level of organization is represented by the projects.

Disclaimer

Please note that the data contained on the Capital Projects Details page is raw, unaudited, and unconsolidated data and therefore will not agree to any audited or printed financial statements. The Capital Projects Details page displays data that is routinely updated, at a minimum on a quarterly basis, and represents the most-recent update.

By law, under the Inspection of Public Records Act, every person has the right to inspect public records of the State of New Mexico. The act also makes compliance with requests to inspect public records an integral part of the routine duties of the officers and employees of the State of New Mexico. This website does not contain information that is considered private or protected by state or federal law. While all of the information contained on this site is an open record, there may be additional public records available regarding this data. Additional records can be obtained by making a public records request to the appropriate records custodian(s) in the agency that possesses the documents in accordance with the law.

Contact Info

Media Inquiries and Requests for Public Records
Department of Finance and Administration
General Services Department
Public Information Officer
180 Bataan Memorial Building
Santa Fe, NM 87501
Phone: (505) 827-3881
Fax: (505) 827-4984
Email: Tim.Korte@state.nm.us

Capital Projects:
Department of Finance and Administration
State Budget Division – Capital Outlay Bureau
Bataan Memorial Building, Suite 194
407 Galisteo Street
Santa Fe, NM 87501
Phone: (505) 827-4209
Fax: (505) 476-1090

Site Disclaimer

The New Mexico Sunshine Portal was created pursuant to the Sunshine Portal Transparency Act, NMSA 10-16D-1 et. seq, to provide public access to state government budgets, expenditures, revenue and specific public school district information, and to make such information accessible on one central website. The Sunshine Portal Transparency Act was enacted by the Fiftieth Legislature, First Session and signed into law by Governor Susana Martinez on March 30, 2011. The web site will be updated monthly, the currency of the data will be published on each information panel.