New Mexico General Obligation (GO) Bond Funds
NMSL adminsters GO Bond funds for the public libraries.
School library funds are administered by the Public Education Department. More information on school library GO Bond funds can be found on the PED website at http://www.ped.state.nm.us/Humanities/Library/index.html
Academic library funds are adminstered by the Higher Education Deparment. Please visit their website at: http://www.hed.state.nm.us
The purpose of the New Mexico public library general obligation bond program is to provide supplemental funds for public library resources when such funds are approved by the legislature and/or the voters in statewide elections. Funds for the public library bond program are intended to supplement local effort in providing local public library service. The public library bond program funds public library resources and equipment for public libraries statewide, including the rural library services of the state library.
Library bond program funds may be approved by the state legislature only during legislative sessions convened in even numbered years. The amount of bond funds received for distribution by the state library may vary depending on the amounts approved by the state legislature and subsequently approved by the voters.
Bonds approved after March 2008 are governed by NMAC 4.5.8 DISTRIBUTION OF GENERAL OBLIGATION STATE OF NEW MEXICO BOND FUNDS TO PUBLIC LIBRARIES.