SENATE CAPITAL OUTLAY REQUEST
1112
REQUESTED
BY Ramsay L. Gorham
FOR A
REAUTHORIZATION TO CHANGE THE PURPOSE AND EXTEND THE EXPENDITURE PERIOD OF A
SEVERANCE TAX BOND APPROPRIATION TO ACQUIRE LAND FOR, PLAN, DESIGN AND DEVELOP
THE LOS RANCHOS-ALAMEDA LITTLE LEAGUE COMPLEX AND PARK INFRASTRUCTURE IN
BERNALILLO COUNTY.
The
balance of the proceeds from the sale of severance tax bonds appropriated to
the local government division of the department of finance and administration
pursuant to Subsection D of Section 11 of Chapter 118 of Laws 1998 to design
and construct improvements at the Alameda little league complex at the balloon
fiesta park in Albuquerque in Bernalillo county shall not be expended for the
original purpose, but is reauthorized and reappropriated to acquire land for,
plan, design and develop the Los Ranchos-Alameda little league complex and park
infrastructure in Bernalillo county.
The period of time in which the appropriation may be expended is extended
through fiscal year 2007. Any
unexpended or unencumbered balance remaining at the end of fiscal year 2007
shall revert to the severance tax bonding fund.