N.M. county agrees to loan up to $75M to tribe

A New Mexico tribe with $88 million in debt has secured a loan from Sandoval County.

Santa Ana Pueblo is trying to refinance debt on its hotel resort and golf courses. The tribe first sought help from the state but lawmaker rejected a proposed deal.

Sandoval County stepped in, agreeing to sell bonds that will fund the loan. The loan amount could be as high as $75 million but may be closer to $60, a county lawyer said.

Get the Story:
Sandoval OKs Loan to Pueblo (The Albuquerque Journal 2/3)

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