News and News Releases
Board of Directors Election
There will be a Director Election in District 5 at the general election on November 2, 2010. The candidates, in the order they will be listed on the ballot, are Bruce M. Thomson and John Doran.
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District 5 covers roughly the eastern part of Nob Hill, the Southeast Heights, and the southern portion of the Northeast Heights. The southern limit of District 5 is Kirtland Air Force Base, the eastern limit is Cibola National Forest, the northern limit is mostly along Indian School and Constitution, and the western limit is Carlisle Boulevard. See map for details. |
Bond Sales
AMAFCA's first bond sale from the 2008 Bond Authorization, for $10 million in bonds, sold at an extremely low 1.735% to Morgan Keegan & Company, on July 30, 2009. This was the lowest interest rate ever for an AMAFCA Bond Sale. The previous low rate had been 2.25% in 2003. AMAFCA's continued "natural double-AAA" bond rating and current market conditions lead to the extremely low interest rate, which will save taxpayers money.
The final bond sale from the 2008 Bond Authorization will be held on September 30, 2010.
AMAFCA's final bond sale from the 2006 Bond Authorization, for $9.75 million in bonds, sold at a very low 2.979924% to Morgan Keegan & Company on July 24, 2008. At that time, that was the lowest interest rate AMAFCA had received since 2003. AMAFCA's excellent bond rating in today's marketplace directly lead to the low interest rate at the sale, which will save taxpayers $56,000 over the next seven years.
Natural Double-AAA Bond Rating
For the third Bond Sale in a row, AMAFCA received a "natural double-AAA" rating, the highest rating of a government agency in the State of New Mexico, by maintaining its AAA rating from Standard & Poors and Aaa rating from Moody's. These bond ratings save taxpayers money by keeping bond interest rates low.