General Obligation (GO) Bonds
Forecasted
The General Obligation (GO) Bonds program by the New Mexico State Library funds resources, equipment, and services to strengthen research and learning in New Mexico’s public and tribal libraries.
Funder: New Mexico State Library
Due Dates (Anticipated): April 2028: Reimbursement request deadline (projected)
Funding Amounts: Recent cycles: $3M+ for public libraries, $500K+ for tribal libraries; allocations based on population and legislative approval.
Summary: Supplemental funding to enhance resources, equipment, and services at New Mexico public and tribal libraries.
Key Information: Only recognized public and tribal libraries in New Mexico are eligible; funds distributed after legislative and voter approval.
Description
The General Obligation (GO) Bonds program, administered by the New Mexico State Library, provides supplemental funding to recognized public and tribal libraries throughout New Mexico. The initiative aims to enhance library services and resources by distributing state-approved GO bond funds, which are allocated following legislative approval and a statewide voter referendum. Funds may be used for library resources, equipment, and statewide library services, including Books by Mail and Bookmobiles, to ensure libraries can better serve their communities.
