Eddy County has authorized $60 million of industrial revenue bonds for a potash mining project near Carlsbad. Intrepid Potash, a subsidiary of Denver-based H.B. Potash LLC, requested the bonds to help finance a potash production project.

Despite the authorization, the county would be held harmless if the company fails to make payments on the bond debt, according to bond counsel Michael Groshek of Sherman & Howard.

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