SANDOVAL COUNTY, NEW MEXICO
NOTICE OF INTENT TO ADOPT ORDINANCE

Notice is hereby given of the title and general subject matter contained in an ordinance which the Board of County Commissioners of Sandoval County, New Mexico, the governing body of the County, intends to adopt at a regular meeting on October 26, 2022 at the hour of 6:00 p.m.

All meetings will take place in the Administrative Building Commission Chambers located at 1500 Idalia Road, Building D – 3rd Floor, Bernalillo, NM 87004 unless otherwise stated. Public documents, including the agenda and minutes, are available through the County’s website and can be provided in various accessible formats. Please contact the County Manager’s Office, (505) 867-7538, if a summary or other type of accessible format is needed.

The title (subject to amendment or substitution) of the Ordinance is:

SANDOVAL COUNTY, NEW MEXICO
ORDINANCE NO. 10-26-22.__

ORDINANCE CONFIRMING AND ACKNOWLEDGING THAT GROSS RECEIPT TAXES REPORTED UNDER NMSA 7-20E-9 THAT WERE ORIGINALLY DESIGNATED AS FIRST ONE-EIGHTH GROSS RECEIPTS TAX INCREMENT HAVE BEEN CONSOLIDATED INTO A SINGLE GROSS RECEIPT TAX PURSUANT TO CHANGES IN TAX LAWS EFFECTIVE JULY 1, 2019 (CHAPTER 274, LAWS 2019) AND RELATED LEGISLATION AND CONFIRMING THAT AMOUNTS ATTRIBUTABLE TO THE FIRST ONE-EIGHTH GROSS RECEIPT TAX INCREMENT AS REPEALED AND MODIFIED BY CHAPTER 274, LAWS 2019 AND CHAPTER 80, LAWS 2020 (AND OTHER AVAILABLE RESOURCES AS APPLICABLE) MAY BE USED AS THE REVENUE PLEDGE FOR THE 2016 GROSS RECEIPTS TAX REFUNDING BONDS AND OTHER BONDS, INCLUDING THE 2021 LOANS, AS APPLICABLE AND AS PERMITTED BY LAW; DIRECTING THE COUNTY MANAGER AND COUNTY CLERK TO PUBLISH NOTICE OF ADOPTION OF THE ORDINANCE IN A NEWSPAPER OF GENERAL CIRCULATION WITHIN THE COUNTY.

A general summary of the Ordinance is contained in its title. Complete copies of the proposed Ordinance will be on file and available for inspection at the offices of the County Clerk during regular business hours.
Dated this 25th day of September 2022, COUNTY OF SANDOVAL, NEW MEXICO.

By: /s/ Anne Brady-Romero
County Clerk

Observer: September 25, 2022