HOUSE BILL 24
48th legislature - STATE OF NEW MEXICO - first session, 2007
INTRODUCED BY
Luciano "Lucky" Varela
FOR THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE
AN ACT
RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FOR PUBLIC PROJECTS FROM THE PUBLIC PROJECT REVOLVING FUND; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. AUTHORIZATION OF PROJECTS.--Pursuant to the provisions of Section 6-21-6 NMSA 1978, the legislature authorizes the New Mexico finance authority to make loans from the public project revolving fund to the following qualified entities for the following public projects on terms and conditions established by the authority:
1. to the city of Artesia in Eddy county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects;
2. to the Aztec municipal school district in San Juan county for equipment, building, refinancing, infrastructure and teacherage projects;
3. to the city of Aztec in San Juan county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects;
4. to the Belen consolidated school district in Valencia county for equipment, building, refinancing, infrastructure and teacherage projects;
5. to the Bloomfield school district in San Juan county for equipment, building, refinancing, infrastructure and teacherage projects;
6. to the town of Carrizozo in Lincoln county for building, equipment and infrastructure projects;
7. to the central consolidated school district in San Juan county for equipment, building, refinancing, infrastructure and teacherage projects;
8. to the village of Chama in Rio Arriba county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects; 9. to the Chaves county-East Grand Plains volunteer fire department for building, equipment and infrastructure projects in Chaves county;
10. to the Cobre consolidated school district in Grant county for equipment, building, refinancing, teacherage and infrastructure projects;
11. to the Deming public school district in Luna county for equipment, building, refinancing, infrastructure and teacherage projects;
12. to Eddy county-Happy Valley fire department for building, equipment and infrastructure projects in Eddy county;
13. to Eddy county-La Huerta fire department for building, equipment and infrastructure projects in Eddy county;
14. to the city of Espanola in Rio Arriba and Santa Fe counties for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects;
15. to the Fort Sumner municipal school district in DeBaca county for equipment, building, refinancing, infrastructure and teacherage projects;
16. to the Jemez Valley public school district in Sandoval county for equipment, building, refinancing, infrastructure and teacherage projects;
17. to the town of Lake Arthur in Chaves county for building, equipment and infrastructure projects;
18. to the city of Las Cruces in Dona Ana county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects;
19. to Lincoln county for building, equipment and infrastructure projects in Lincoln county;
20. to the Lovington municipal school district in Lea county for equipment, building, refinancing, infrastructure and teacherage projects;
21. to Luna county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects in Luna county;
22. to the north central solid waste authority in Rio Arriba county for equipment, building, refinancing, water, wastewater, infrastructure and solid waste projects;
23. to the Ramah Navajo chapter in Cibola county for equipment, building, refinancing, infrastructure, road, land, water and wastewater projects;
24. to the Rio Rancho public school district in Sandoval county for equipment, building, refinancing, infrastructure and teacherage projects;
25. to the Ruidoso municipal school district in Lincoln county for equipment, building, refinancing, infrastructure and teacherage projects;
26. to the San Miguel county-Conchas Dam fire and rescue department for building, equipment and infrastructure projects in San Miguel county;
27. to the Sierra county-Arrey/Derry volunteer fire department for building, equipment and infrastructure projects in Sierra county;
28. to the Sierra county-Las Palomas fire department for building, equipment and infrastructure projects in Sierra county;
29. to the Socorro consolidated school district in Socorro county for equipment, building, refinancing, infrastructure and teacherage projects;
30. to the town of Taos in Taos county for equipment, building, infrastructure, refinancing, water, wastewater, water rights, solid waste, road and land projects;
31. to Torrance county for building, equipment and infrastructure projects in Torrance county; and
32. to the Tucumcari municipal school district in Quay county for equipment, building, refinancing, infrastructure and teacherage projects.
Section 2. VOIDING OF AUTHORIZATION.--If a qualified entity listed in Section 1 of this act has not certified to the New Mexico finance authority by the end of fiscal year 2009 its desire to continue to pursue a loan from the public project revolving fund for a public project listed in that section, the legislative authorization granted to the New Mexico finance authority by Section 1 of this act to make a loan from the public project revolving fund to that qualified entity for that public project is void.
Section 3. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.
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