HOUSE BILL 708
48th legislature - STATE OF NEW MEXICO - first session, 2007
INTRODUCED BY
Justine Fox-Young
AN ACT
RELATING TO PUBLIC MONEY; MAKING AN APPROPRIATION FOR THE DEFEASANCE OF ALL OUTSTANDING STATE OFFICE BUILDING TAX REVENUE BONDS; MAKING AN APPROPRIATION FOR CERTAIN CAPITAL PROJECTS FOR WHICH STATE OFFICE BUILDING TAX REVENUE BONDS HAVE BEEN AUTHORIZED AND REPEALING THE BOND AUTHORIZATIONS; REPEALING THE STATE BUILDING BONDING ACT; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. APPROPRIATION--DEFEASANCE OF OUTSTANDING STATE OFFICE BUILDING TAX REVENUE BONDS.--Fifty-two million dollars ($52,000,000) is appropriated from the general fund to the state building bonding fund for expenditure in fiscal years 2007 and 2008 for the purpose of defeasing all outstanding state office building tax revenue bonds. Any unexpended or unencumbered balance remaining at the end of fiscal year 2008 shall revert to the general fund.
Section 2. APPROPRIATION--CAPITAL PROJECTS.--Twenty-six million one hundred thousand dollars ($26,100,000) is appropriated from the general fund to the property control division of the general services department for expenditure in fiscal years 2007 through 2012 for the capital projects specified in this section. Any unexpended or unencumbered balance remaining at the end of fiscal year 2012 shall revert to the general fund. The appropriation shall be expended in the following amounts for the following projects:
A. eight million dollars ($8,000,000) to plan, design, construct and equip a parking structure in the central capitol campus in Santa Fe, in cooperation with the New Mexico legislative council, pursuant to the capitol buildings master plan developed by the capitol buildings planning commission and after review by the commission. Upon completion of the parking structure, the property control division shall transfer the parking structure and associated real estate to the New Mexico legislative council. After the transfer, the New Mexico legislative council shall operate and maintain the parking structure; and
B. eighteen million one hundred thousand dollars ($18,100,000) to acquire land and plan, design, construct and equip a state laboratory facility in Bernalillo county. Section 3. Laws 2001, Chapter 166, Section 1, as amended by Laws 2004, Chapter 123, Section 6 and Laws 2005, Chapter 320, Section 1, is amended to read:
"Section 1. AUTHORIZATION TO ACQUIRE PROPERTY-- APPROPRIATION.--
A. In order to acquire the following properties for use as state agency offices in Santa Fe county, the property control division of the general services department may:
(1) purchase and renovate, equip and furnish the national education association building on South Capitol street;
(2) plan, design, construct, equip and furnish a new office building with integrated parking at the west capitol complex on Cerrillos road, pursuant to the design funded by Subsection I of Section 14 of Chapter 118 of Laws 1998, at a price not to exceed twenty-five million dollars ($25,000,000);
(3) purchase and renovate, equip and furnish the public employees retirement association building on Paseo de Peralta; and
(4) purchase land within or in close proximity to the public safety campus as set out in the capitol buildings master plan developed by the capitol buildings planning commission; provided that no land shall be purchased pursuant to this paragraph that does not have, in place, water, sewer, electricity and other necessary infrastructure.
[B. In addition to the acquisitions authorized in Subsection A of this section, the property control division of the general services department may:
(1) in cooperation with the New Mexico legislative council, pursuant to the capitol buildings master plan developed by the capitol buildings planning commission and after review by the commission plan, design, construct and equip a parking structure in the central capitol campus in Santa Fe. Upon completion of the parking structure, the property control division shall transfer the parking structure and associated real estate to the New Mexico legislative council. After the transfer, the legislative council shall operate and maintain the parking structure; and
(2) expend up to eighteen million one hundred thousand dollars ($18,100,000) of the net proceeds from state office building tax revenue bonds to acquire land and plan, design, construct and equip a state laboratory facility in Bernalillo county.
C.] B. The acquisitions of property pursuant to Subsection A of this section shall be made in the priority order listed in that subsection. Purchases authorized in Paragraphs (1), (2) and (4) of Subsection A of this section shall be made at a price not to exceed the value of the property established by the taxation and revenue department using generally accepted appraisal techniques for the type of property purchased. The purchase authorized in Paragraph (3) of Subsection A of this section shall be made at a price negotiated with the retirement board of the public employees retirement association that is not less than the fair market value of the property and building."
Section 4. REPEAL.--Sections 6-21C-1 and 6-21C-2.1 through 6-21C-11 NMSA 1978 (being Laws 2001, Chapter 199, Section 1, Laws 2004, Chapter 123, Section 1 and Laws 2001, Chapter 199, Sections 3 through 11, as amended) are repealed.
Section 5. CONTINGENT EFFECTIVE DATE.--The effective date of the provisions of Section 4 of this act is the first day of the calendar month following the month in which the New Mexico finance authority certifies to the secretary of finance and administration, the New Mexico compilation commission and the legislative council service that all outstanding state office building bonds have been defeased pursuant to Section 1 of this act.
Section 6. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.
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