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Article: New Mexico county asked to borrow $8 billion for Intel.(Sandoval County, New Mexico, industrial development revenue bonds for Intel Corp.)
- Article from:
- The Bond Buyer
- Article date:
- August 31, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RIO RANCHO, N.M. - Intel Corp. is hoping Sandoval County, N.M., will approve what would probably be the largest industrial development revenue bond package ever - $8 billion to help the company update computer chip- making plants.
The high-tech giant, which has a $1.8 billion chip facility in the county, wants Sandoval to sign off on the private placement at its county commissioner's meeting next month. Intel, the state's largest corporate taxpayer, is seeking the funds as part of a deal to secure a $480 million property and gross receipts sales tax abatement from the county.
Debbie Hays, Sandoval County manager, said yesterday she supports the issue and ...
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... ... Business News Feb. 7--RIO RANCHO, N.M. -- Sandoval County's domestic violence shelter ... victims since 1996. And one Rio Rancho business is stepping up to ... fund-raisers, such as the Rio Rancho Mayor's Ball, there is ...
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