Council Law No. O-24-34
Decree No. O-2024-027
Sponsored by: Klarissa Pena
REGULATION
TO AUTHORIZE THE ISSUE, SALE, AND DELIVERY OF MUNICIPAL INFRASTRUCTURE GROSS RECEIPT TAX BONDS, SERIES 2024, IN A PRIMARY AMOUNT NOT TO EXCEED $9,250,000 (THE “SERIES 2024 BONDS”), TO FINANCE THE COSTS OF ACQUIRING, CONSTRUCTING, AND IMPROVING ENERGY EFFICIENCY PROJECTS ASSOCIATED WITH MUNICIPAL FACILITIES AND TO PAY COSTS ASSOCIATED WITH THE ISSUE OF THE SERIES 2024 BONDS; PROVIDING FOR PAYMENT OF THE BONDS FROM THE PROCEEDS OF THE INCREASE IN THE MUNICIPAL INFRASTRUCTURE GROSS RECEIPT TAX OF 1/16 OF ONE PERCENT (0.0625%) IMPOSED ON ALL PERSONS DOING BUSINESS IN THE CITY PURSUANT TO SECTION 7-19D-11 NMSA 1978 AND CITY ORDINANCE NO. 14-1992, DATED MARCH 16, 1992; PROVIDING FURTHER DETAILS REGARDING THE BONDS AND THE SERIES 2024 BONDS; TO AUTHORIZE THE DELEGATION OF THE AUTHORITY TO MAKE CERTAIN DETERMINATIONS RELATING TO THE SALE OF THE SERIES 2024 BONDS UNDER THE AMENDMENTAL PUBLIC SECURITIES ACT; TO DETERMINE THE TERMS AND OTHER DETAILS RELATING TO THE SERIES 2024 BONDS; APPROVAL OF CERTAIN DOCUMENTS RELATING TO THE SERIES 2024 BONDS; MAKING CERTAIN ALLOCATIONS; AND RATIVATING CERTAIN PREVIOUSLY TAKEN ACTIONS.
