✖ Close Social Content
  • Contact Information
    One Civic Plaza, NW
    Albuquerque NM 87102

    (505) 468-7000

    (505) 462-9813

    Monday - Friday
    8 a.m. - 5 p.m.

    ✖ Close Menu
  • Most Popular Pages
      Quota Error: profileId ga:34897428 has too many concurrent connections. [403]
      Errors [
      	Message[Quota Error: profileId ga:34897428 has too many concurrent connections.] Location[ - ] Reason[quotaExceeded] Domain[global]
      ✖ Close Menu
    • Search Finance
      ✖ Close Menu

    Annually, Bernalillo County issues bonds to help finance the construction of recreational facilities, roads and other vital infrastructure. 

    Official statements accompany each bond offering and the types of debt the county issues include the following:

    General Obligation Debt (G.O. Bonds)

    The county can issue general obligation debt, backed by the full faith, credit and taxing power of the county, subject to voter approval and subject to adherence to the state of New Mexico Constitution.The state of New Mexico Constitution limits the county’s general obligation debt to four percent of the value of taxable property from the last assessment. The table below represents the county's current outstanding General Obligation Bonds.

     Bond Series

     Official Statements
    Bond Ratings  
     Standard & Poor's   Moody's    Fitch  

    GO Series 2017

     Official Statements AAA Aaa AAA

    GO Series 2016A

     Official Statements AAA Aaa AAA
    GO Series 2016  Official Statements AAA Aaa AAA
    GO Series 2015A  Official Statements  AAA Aaa AAA
    GO Series 2015  Official Statements  AAA Aaa AAA
    GO Series 2014A    Official Statements  AAA  Aaa  AAA
    GO Series 2014  Official Statements  AAA  Aaa  AAA
    GO Series 2013  Official Statements  AAA  Aaa  AAA
    GO Series 2012A  Official Statements  AAA  Aaa  -
    GO Series 2012  Official Statements  AAA  Aaa  -
    GO Series 2011  Official Statements  AAA  Aaa  AAA
    GO Series 2010  Official Statements  AAA  Aaa  AAA
    GO Series 2009A  Official Statements  AAA  Aa1  AA+
    GO Series 2009  Official Statements  AAA  Aa1  AA+
    GO Series 2007A  Official Statements  AAA  Aa1  AA+
    GO Series 2007  Official Statements  AAA  Aa1  AA+
    GO Series 2006  Official Statements  AA+  Aa1  AA+
    GO Series 2005A  Official Statements  -  Aa1  -
    GO Series 1999  Official Statements not available on PDF   AA+  Aa1  -
    GO Series 1997  Official Statements not available on PDF  AA+  Aa1  -

    Gross Receipts Bonds (GRT Bonds)

    Gross Receipts Bonds may be issued in response to public need without voter authorization. Long-term debt may be incurred for only the purposes as provided by the State of New Mexico Constitution or state law, which include capital improvements and long-term assets associated with, but not limited to, constructing, acquiring, improving county or public parking lots, structure or facilities; or any combination of the foregoing. The table below represents Bernalillo County's current outstanding Gross Receipts Bonds.

     Bond Series

     Official Statements (click to view)
    Bond Ratings
     Standard & Poor's  Moody's  Fitch
     GRT Series 2017A and 2017B    Official Statements AAA Aa2 AA+
     GRT Series 2010A & 2010B   Official Statements AAA Aa2 AA+
     GRT Series 2005  Official Statements AAA Aa2 AA+
     GRT Series 1998  Official Statements not available on PDF       
     GRT Series 1997  Official Statements AA Aa3 -
     GRT Series 1996B  Official Statements not available on PDF       


    Enterprise Revenue Bonds

    In addition to G.O. and GRT bonds, the county may from time to time find it necessary to issue bonds secured by revenues of its enterprise systems, such as solid waste.

    Special Assessment Districts Bonds (SADs Bonds)
    The county may issue SAD bonds. SAD bonds are limited to revenues from assessments against those who directly benefit from the project and the funds have been used to finance the project.

    Bond Anticipation Notes (BANs)
    Bond Anticipation Notes may be issued instead of capitalizing interest to reduce the debt service during the construction period of a project or facility. 

    Tax Anticipation Notes (TANs)
    Tax Anticipation Notes may be issued to fund cash flow shortfalls during the fiscal year. The proceeds of the TANs are used to alleviate temporary cash flow shortfalls and to finance the county’s daily operations in anticipation of tax revenues.

    Tax and Revenue Anticipation Notes (TRANs)
    Tax and Revenue Anticipation Notes may be issued for cash flow purposes and used to bridge temporary cash flow deficits within a fiscal year. 

    This material and data is for informational purposes only and is not intended to contain, and does not contain, the information necessary to make investment decisions. Do not rely on the information within the Investor Relations Portal as a basis for investment decisions.

    View All Events
    • Bernalillo County has again kept its triple-A ratings on its general obligation bonds, the highest possible given by Moody’s, Fitch and Standard and Poor’s, the nation’s top three credit rating agenc...

    • At its May 22 administrative meeting, the Bernalillo County Board of Commissioners acknowledged the Accounting and Budget Department for receiving a prestigious award that recognizes the department’s...

    • On April 10, 2018, the Bernalillo County Commission honored Larry Munoz and Nicholas Davis for their immediate response and onsite technical support to the City of Farmington on Wednesday, Jan. 3, 20...

      Powered by Real Time Solutions - Website Design & Document Management