Description: SECTION 17. ECONOMIC DEVELOPMENT DEPARTMENT PROJECT--SEVERANCE TAX BONDS.--Pursuant to the provisions of Section 2 of the 2013 Work New Mexico Act, upon certification by the economic development department that the need exists for the issuance of the bonds, five hundred thousand dollars ($500,000) is appropriated to the economic development department for infrastructure projects in downtown mainstreet districts statewide.
Amount budgeted: $500,000.0
Amount spent (through June 23): $305,320.0
Arts in public places allocation: $0.0
Reauthorized to the same or another project: $0.0
Amount returned to state (through June 23): $0.0
Balance as of June 23: $194,680.0
Project status: 65 percent expenditure to date. Grants issued to 5 communities Clovis, grant amount 137,500, balance 38,784. Las Vegas, grant amount 75,000, balance 75,000. Roswell, grant amount 100,000, balance 11,412.58. Silver City, grant amount 137,500, balance 19,432. Belen, grant amount 50,000, balance 50,000.