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Learn about New Mexico Finance Authority Public Project Revolving Fund (PPRF), including News & Events, Projects and Highlights, and NMFA Bond Team.
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The PPRF funded two loans for construction of New Mexico Spaceport America, the world's first purpose built commercial spaceport. Set on a secure campus of 18,000 acres in the high-elevation (4,600 feet) desert of southern New Mexico, the location offers 340+ days of sunshine and 6,000 square miles of protected airspace. Designed by the renowned architect Norman Foster & Partners, and in keeping with the State of New Mexico's commitment to sustainability, the facility is on track to achieve LEED NC 2.2 Gold Certification.
The PPRF is the primary provider of funds for fire fighting equipment in the State of New Mexico. The loans are repaid by municipalities and counties using funds provided by the State Fire Protection Fund. While about one-third of PPRF loans are State Fire Protection Fund loans by number, these loans comprise only about 3% of outstanding PPRF loans by amount.
The PPRF provided financing to New Mexico Highlands University for a 67,000-square-foot student union that opened in Spring 2013. The Student Union Building was certified as LEED Gold for its state-of-the-art green building features like ground-source technology to help heat and cool the building and large computerized external shades that maximize natural light while helping regulate building temperature. In February 2014, the U.S. Green Building Council gave the building its top certification for Leadership in Energy and Environmental Design.