Torrance County
Neutral Data Center Policies
Torrance County’s resolution is labeled enacted, though the description says an agenda proposes up to $60 million in bonds for Data Center II; the terms and project connection are unclear, and no data-center-specific restrictions are listed.
Rating from New Mexico statewide as there are no scored current or future laws outside temporary restrictions for Torrance County.
Specific to Torrance County only.
current law · Multiple parcels in Sections 8 and 9, including the City of Moriarty Tillery Five partnership annexationLists an inducement resolution for up to $60 million in industrial revenue bonds for NM Renewable Development Data Center II, LLC, an affiliated entity of American Electric Power, Inc. and PNM Resources, Inc.Torrance County Resolution 2019-03 (2019)
What this means
The agenda proposes up to $60 million in bonds for Data Center II, which could help fund development. It lists no data-center-specific restrictions, but does not explain the bond terms or the project’s exact connection to the other items.
Timing
- Ends
- 180 days after adoption
The moratorium expires 180 days after adoption unless extended by the County Commission. All other provisions remain.
People behind it
- Torrance County Board of County Commissioners
County governing body responsible for adopting and administering the resolution.
Restrictions & requirementsHide restrictions & requirements1
A special-use change in zoning and public-hearing consideration are required for the proposed solar-powered electrical generating facility associated with NMRD Data Center II, located on multiple parcels in Torrance County.
Benefits & exceptionsHide benefits & exceptions1
An inducement resolution authorizes up to $60,000,000 in industrial revenue bonds for NM Renewable Development Data Center II, LLC, an affiliated entity of American Electric Power, Inc. and PNM Resources, Inc.
Sources
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