City of Albuquerque Bond Mandate
The City of Albuquerque adopted a mandate for a 3% set aside from the General Obligation Bond Program for the 3% for Energy Conservation and Renewable Energy Set-A-Side for Capital Improvements to fund projects that reduce energy consumption in municipal buildings. Building upgrades are chosen by a committee of city fiscal and technical staff based on specific criteria such as return on investment and life cycle cost analysis. Department applications for building upgrades are submitted to the committee for consideration. A project cannot use more than 40% of the funding allocated to the Set-A-Side.