Nmsu Board Of Regents Approve Bonds Issuance That Will Finance Million Football Locker Room Addition – In the Nov. 3 general election, voters will be asked to invest in 33 public colleges, universities and charter schools in 23 cities and 21 New Mexico counties. General Bond C (also known as Higher Education Bond C) provides $156,000,000 for repairs and improvements to educational facilities. If approved by voters statewide, Bond C would provide funds to achieve this goal without raising property taxes (as approved by the New Mexico Department of Finance and Administration).
Approval of Bond C would mean $1.85 million to be allocated to ENMU, which will support safety and security upgrades to video surveillance equipment and outdoor lighting. NMMI will receive $3 million to repair the roof of Wilson Hall, the Godfrey Athletic Center and the Tolles Learning Center. ENMU e Portales will receive $8 million for the first phase of renovations and security upgrades at Roosevelt Hall. ENMU in Ruidoso will receive $1.5 million to improve campus infrastructure.
Nmsu Board Of Regents Approve Bonds Issuance That Will Finance $15 Million Football Locker Room Addition
It is also estimated that the passage of Bond C will create approximately 1,500 new jobs in construction, construction and related industries across the country in addition to state economic development and income tax revenue. Bond C helps preserve the educational institutions that New Mexicans have invested in and provides colleges and universities with the resources they need to continue to provide safe and quality learning environments.
Wac Adds Another Southland Conference School In Incarnate Word
On campus, most of the 75 existing CCTV cameras are old analog cameras that do not provide image quality according to today’s standards. Most campus buildings have few or no cameras. The funding will be used to replace most of the existing cameras and install 350 new cameras, as well as additional servers, monitors, storage equipment and infrastructure.
The existing outdoor lights are old and not very energy efficient. In many areas, lighting levels are inadequate to protect property and the safety and security of students, staff and visitors. Plans call for replacing all exterior lights with LED fixtures, which will greatly improve visibility without increasing energy consumption. Light poles that are rotting, rotting and at risk of falling in high winds are being replaced. Improving outdoor lighting helps provide better images for outdoor surveillance cameras, as well as saving energy and reducing operating and maintenance costs.
Library Bond B provides $9.5 million to public, academic, public school and public school libraries across the state. If Bond B is approved by voters, academic libraries will receive the funding needed to support the success of New Mexico’s college and university students through 24/7 access to quality resources and information. If Bond B is approved, there would be no tax increase, which would generate more than $228,000 for the Chavez County Library, including $23,973 for ENMU-.
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Absentee voting will begin on October 6 and early voting will begin on October 17. Votes can be claimed between Oct. 6 and Oct. 20, and ballots must be returned by Nov. 3 at 7 p.m. Election Day is Tuesday, November 3, with polling stations open for in-person voting from 7 a.m. to 7 p.m. Courtesy of Texas Monthly.
Rumor has it that the WAC has been negotiating with the Word Incarnate for some time now. And on Friday morning it became official.
WAC Commissioner Jeff Hurd announced that Black Voice University will join the WAC in July 2022.
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“UIW brings a superior academic reputation, a balanced athletic program and a great geographic location to the WAC,” said WAC Commissioner Hurd. “The conference board has evaluated UIW’s overall profile and knows it is a good fit for the conference now and in the years to come.”
According to the release, Incarnate Word is the largest Catholic university in Texas and the fourth largest private university in Texas.
“We are excited to add the Complete Word to the WAC,” said Tarleton State University President Dr. James Hurley. “They bring a rich tradition of academic and athletic excellence.” In addition, it expands the WAC for football in Texas. “
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With this announcement, the WAC will have 14 teams in 2022-2023, including 8 FCS schools. Word Incarnate joins Southern Utah, which officially joined in January 2021.
The Cardinals will be the only member to sponsor all 20 sports sponsored by the WAC. UIW has been an associate member of the WAC for men’s soccer since 2014.
“As we’ve seen over the past few months, Division I sports can change the landscape, and with that change comes opportunity,” said UIW President Dr. Thomas M. Evans. “The university is committed to putting the best of our students and the work of the university first. Moving to the WAC right now puts our student-athletes in the best position to succeed academically and compete.
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“The Western Athletic Conference is determined to be one of the top high school conferences in the country. Word Incarnate is a growing institution in one of the fastest growing markets in the country. This addition reinforces the WAC’s goal of being one of the strongest FCS football conferences in the country.” “
“I am happy to have UIW in the WAC. Dr. Thomas Evans and his team bring passion, energy and energy that resonates with everyone at the conference. “
“We are excited to join the WAC. This will raise the profile of all our sports teams and allow our student athletes to compete at another level. We always ask our students to be champions in the classroom, community and competition. This initiative allows them to do exactly that.
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After the bonds closed on Aug. 1, an employee of the New Mexico Department of Finance and Administration learned that the 2015 issue was not due, according to financial advisor David Paul, head of the Fiscal Strategies Group.
New Mexico competitively sold $300.3 million in obligation bonds on July 18. Proceeds of approximately $79.8 million are expected to prepay the 2015 Series of General Loans due from 2018 to 2025.
As is typical for previous refunds, $79.8 million of the proceeds were deposited into an escrow account held at the Treasury, said Leila Klitz, director of the Treasury Board. Escrow is designed to cancel bonds when called.
Go Bond C
On August 1, New Mexico posted on the website of the EMMA Board of Municipal Securities Regulation a cancellation and payment notice for the 2015 Series GOs maturing from 2021 to 2025, the longest maturities of the issue.
“Bonds shall not be voluntarily redeemed before their maturity as provided in the Proclamation” August 8. “The trustee is expected to file an amended and restated notice of withdrawal and redemption in a separate filing.”
The fact that the bonds cannot be called before their maturity date means that the escrow account must be held until 2025, the final payment date, Cleats said.
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The call provision in the 2015 bond prospectus originally stated that bonds maturing on or before March 1, 2020, would be subject to voluntary redemption. However, another report on February 17, 2015 amended this provision, stating that the bonds would not be cancelled. Ten-year call protection is common for tax-exempt bonds.
Paul acknowledged that outside of his firm, New Mexico bond advisers, underwriters’ advisers and others failed to understand the mistake. A board employee discovered the error while rereading the official report on the returned bonds, Paul said. As a result, the initial issue in 2015 and the early bonds will be paid off at the same time, Paul said.
Roddy Dickason Sloan Akin & Rob, P.A. and Sherman & Howard L.L.C. were not executors of the restitution agreement according to legal freedom. Kutak Rock LLC was the procurement consultant. Citi led the team that won the competitive contract.
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If the board approves the new conservation investment, a notice of disclosure will be filed along with “related actions,” according to the meeting notice LAS CRUCES – New Mexico State University is to get a new $21.5 million dormitory. in front of the Corbett Student Union Center.
The proposed 300-bed building, approved by the regents on Wednesday, will serve freshmen who, starting this semester, will meet the new requirements for their first year of on-campus living, according to campus officials.
The proposed three-story residence hall, which has yet to be named, would sit just above the Corbett Center Student Union, the hub of student life on campus. It will be built on the site of the former 550-bed Monagl hall, which was demolished to make way for a new building.
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The purpose of the new home is to further the goals of NMSU
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