HB0308

HOUSE BILL 308

56th legislature - STATE OF NEW MEXICO - second session, 2024

INTRODUCED BY

Derrick J. Lente

AN ACT

RELATING TO GENERAL OBLIGATION BONDS; AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL OBLIGATION BONDS TO MAKE CAPITAL EXPENDITURES FOR SENIOR CITIZEN FACILITY IMPROVEMENTS, CONSTRUCTION AND ACQUISITIONS, FOR LIBRARY ACQUISITIONS, FOR CAPITAL IMPROVEMENTS AND ACQUISITIONS AT INSTITUTIONS OF HIGHER EDUCATION, STATE SPECIAL SCHOOLS AND TRIBAL SCHOOLS AND FOR PUBLIC SAFETY RADIO COMMUNICATION IMPROVEMENTS STATEWIDE; PROVIDING FOR A PROPERTY TAX LEVY FOR PAYMENT OF PRINCIPAL OF, INTEREST ON AND CERTAIN COSTS RELATED TO THE BONDS; REQUIRING APPROVAL OF THE REGISTERED VOTERS AT THE 2024 GENERAL ELECTION OF THE STATE; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1. SHORT TITLE.--This act may be cited as the "2024 Capital Projects General Obligation Bond Act".

SECTION 2. PURPOSE.--For the purpose of providing funds for capital expenditures as authorized in the 2024 Capital Projects General Obligation Bond Act, general obligation indebtedness of the state is authorized for the purposes and in the amounts set forth in Section 10 of that act.

SECTION 3. BOND TERMS.--

A. The state board of finance, except as limited by the 2024 Capital Projects General Obligation Bond Act, shall determine the terms, covenants and conditions of bonds issued pursuant to that act, including:

(1) date or dates of issue, denominations and maturities;

(2) principal amounts;

(3) rate or rates of interest; and

(4) provisions for redemption, including premiums, registration and refundability, whether the bonds are issued in one or more series and other covenants relating to the bonds and the issuance thereof.

B. The bonds shall be in such form as the state board of finance determines with an appropriate series designation and shall bear interest payable as set forth in the resolution of the state board of finance.

C. Payment of the principal of the bonds shall begin not more than two years after the date of their issuance, and the bonds shall mature not later than ten years after the date of their issuance. Both principal and interest shall be payable in lawful money of the United States at the office of the paying agent within or without the state as the state board of finance may direct.

D. The bonds shall be executed with the manual or facsimile signature of the governor or the state treasurer, and the seal or a facsimile of the seal of the state shall be placed on each bond, except for any series of bonds issued in book entry or similar form without the delivery of physical securities.

E. The bonds shall be issued in accordance with the provisions of the 2024 Capital Projects General Obligation Bond Act, the Supplemental Public Securities Act and the Uniform Facsimile Signature of Public Officials Act and may be issued in accordance with the Public Securities Short-Term Interest Rate Act.

F. The full faith and credit of the state is pledged for the prompt payment when due of the principal of and interest on all bonds issued and sold pursuant to the 2024 Capital Projects General Obligation Bond Act.

SECTION 4. EXPENDITURES.--The proceeds from the sale of the bonds shall be expended solely for providing money to be distributed for the purposes and in amounts not to exceed the amounts set forth in Section 10 of the 2024 Capital Projects General Obligation Bond Act and to pay expenses incurred under Section 6 of that act. Any proceeds from the sale of the bonds that are not required for the purposes set forth in Sections 6 and 10 of that act shall be used for the purpose of paying the principal of and interest on the bonds.

SECTION 5. SALE.--The bonds authorized under the 2024 Capital Projects General Obligation Bond Act shall be sold by the state board of finance at such time and in such manner and amounts as the board may elect. The bonds may be sold at private sale or at public sale, in either case at not less than par plus accrued interest to the date of delivery. If sold at public sale, the state board of finance shall publish a notice of the time and place of sale in a newspaper of general circulation in the state and may also publish the notice in a recognized financial journal outside the state. The required publications shall be made once each week for two consecutive weeks prior to the date fixed for the sale, the last publication thereof to be at least five days prior to the date of the sale. The notice shall specify the amount, denomination, maturity and description of the bonds to be offered for sale and the place, date and hour at which the sealed bids shall be received. At the time and place specified in the notice, the state board of finance shall open the bids in public and shall award the bonds to the bidder or bidders offering the best price for the bonds. The state board of finance may reject any or all bids and readvertise and may waive any irregularity in a bid. All bids, except that of the state, shall be accompanied by a deposit of two percent of the principal amount of the bonds in a form acceptable to the state board of finance. The deposit of an unsuccessful bidder shall be returned upon rejection of the bid. The state board of finance may also sell the bonds or any part of the bonds to the state treasurer or state investment officer. The state treasurer or state investment officer is authorized to purchase any of the bonds for investment. The bonds are legal investments for any person or board charged with the investment of any public funds and may be accepted as security for any deposit of public money.

SECTION 6. EXPENSES.--The expenses incurred by the state board of finance in or relating to the preparation and sale of the bonds shall be paid out of the proceeds from the sale of the bonds, and all rebate, penalty, interest and other obligations of the state relating to the bonds and bond proceeds under the Internal Revenue Code of 1986, as amended, shall be paid from earnings on bond proceeds or other money of the state, legally available for such payments.

SECTION 7. PROPERTY TAX LEVY.--To provide for the payment of the principal of and interest on the bonds issued and sold pursuant to the provisions of the 2024 Capital Projects General Obligation Bond Act, there shall be and there is hereby imposed and levied during each year in which any of the bonds are outstanding an ad valorem tax on all property in the state subject to property taxation for state purposes sufficient to pay the interest as it becomes due on the bonds, together with an amount sufficient to provide a sinking fund to pay the principal of the bonds as it becomes due, and, if permitted by law, ad valorem taxes may be collected to pay administrative costs incident to the collection of such taxes. The taxes shall be imposed, levied, assessed and collected at the times and in the manner that other property taxes for state purposes are imposed, levied, assessed and collected. It is the duty of all tax officials and authorities to cause these taxes to be imposed, levied, assessed and collected.

SECTION 8. TREASURER--DUTIES.--The state treasurer shall keep separate accounts of all money collected pursuant to the taxes imposed and levied pursuant to the provisions of the 2024 Capital Projects General Obligation Bond Act and shall use this money only for the purposes of paying the principal of and interest on the bonds as they become due and any expenses relating thereto.

SECTION 9. IRREPEALABLE CONTRACT--AUTHORITY FOR ISSUANCE.--An owner of bonds issued pursuant to the provisions of the 2024 Capital Projects General Obligation Bond Act may, either at law or in equity, by suit, action or mandamus, enforce and compel the performance of the duties required by that act of any officer or entity mentioned in that act. The provisions of that act constitute an irrepealable contract with the owners of any of the bonds issued pursuant to that act for the faithful performance of which the full faith and credit of the state is pledged. Without reference to any other act of the legislature, the 2024 Capital Projects General Obligation Bond Act is full authority for the issuance and sale of the bonds authorized in that act, and such bonds shall have all the qualities of investment securities under the Uniform Commercial Code, shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale of the bonds and shall be incontestable in the hands of bona fide purchasers or holders thereof for value. All bonds issued under the provisions of that act, and the interest thereon, are exempt from taxation by the state and any subdivision or public body thereof.

SECTION 10. PROJECTS.--The proceeds from the sale of bonds issued under the provisions of the 2024 Capital Projects General Obligation Bond Act shall be distributed as

follows for the purposes and in the amounts specified:

A. for senior citizen facility improvement, construction and equipment acquisition projects to the aging and long-term services department:

(1) one hundred thousand dollars ($100,000) to purchase and install meals equipment and other equipment for the Barelas senior center in Albuquerque in Bernalillo county;

(2) one million five hundred thousand dollars ($1,500,000) for renovations to the Barelas senior center in Albuquerque in Bernalillo county;

(3) three hundred seventy-one thousand dollars ($371,000) for renovations to the Highland senior center in Albuquerque in Bernalillo county;

(4) sixty thousand dollars ($60,000) to purchase and install meals equipment and other equipment for Los Volcanes senior center in Albuquerque in Bernalillo county;

(5) one hundred eighty-one thousand dollars ($181,000) to purchase and equip vehicles for the Manzano Mesa multigenerational center in Albuquerque in Bernalillo county;

(6) ninety thousand dollars ($90,000) to purchase and install meals equipment and other equipment for the north Domingo Baca multigenerational center in Albuquerque in Bernalillo county;

(7) fifty-five thousand dollars ($55,000) to purchase and install meals equipment and other equipment for the North Valley senior center in Albuquerque in Bernalillo county;

(8) one hundred twenty thousand dollars ($120,000) to purchase and equip vehicles for the north Domingo Baca multigenerational center in Albuquerque in Bernalillo county;

(9) forty thousand dollars ($40,000) to purchase and install meals equipment and other equipment for the Palo Duro senior center in Albuquerque in Bernalillo county;

(10) seventeen thousand dollars ($17,000) to purchase and install meals equipment and other equipment for the Raymond G. Sanchez senior center in Albuquerque in Bernalillo county;

(11) three million one hundred forty-seven thousand dollars ($3,147,000) to plan, design, construct, equip and furnish the Rio Bravo senior center in Bernalillo county;

(12) twenty-three thousand dollars ($23,000) to purchase and install meals equipment and other equipment for the South Valley multipurpose senior center in Bernalillo county;

(13) forty-eight thousand dollars ($48,000) for renovations to the South Valley multipurpose senior center in Bernalillo county;

(14) seventy-two thousand dollars ($72,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Glenwood senior center in Catron county;

(15) two hundred five thousand dollars ($205,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Quemado senior center in Catron county;

(16) one hundred twenty-five thousand dollars ($125,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Reserve senior center in Catron county;

(17) seventy-two thousand dollars ($72,000) for renovations to the Reserve senior center in Catron county;

(18) one hundred fifteen thousand dollars ($115,000) to purchase and equip vehicles for the Reserve senior center in Catron county;

(19) one hundred seventy-seven thousand dollars ($177,000) to purchase and equip vehicles for the Hagerman senior center in Chaves county;

(20) fifty thousand dollars ($50,000) for renovations to the Lake Arthur senior center in Chaves county;

(21) one hundred seventy-seven thousand dollars ($177,000) to purchase and equip vehicles for the Lake Arthur senior center in Chaves county;

(22) one hundred sixty thousand dollars ($160,000) for renovations to the Midway senior center in Roswell in Chaves county;

(23) ninety-five thousand dollars ($95,000) to purchase and equip vehicles for the Midway senior center in Roswell in Chaves county;

(24) seven hundred fifteen thousand dollars ($715,000) to purchase and equip vehicles for the Roswell senior center in Chaves county;

(25) ten thousand dollars ($10,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Acoma Pueblo senior center in the Pueblo of Acoma in Cibola county;

(26) sixty-one thousand dollars ($61,000) to purchase and equip vehicles for the Acoma senior center in the Pueblo of Acoma in Cibola county;

(27) one hundred eighty-five thousand dollars ($185,000) to purchase and equip vehicles for the Acoma senior center in the Pueblo of Acoma in Cibola county;

(28) one million five hundred thousand dollars ($1,500,000) for renovations to the To'hajiilee senior center in the To'hajiilee chapter of the Navajo Nation in Bernalillo county;

(29) one hundred twelve thousand dollars ($112,000) to purchase and equip vehicles for the To'hajiilee senior center in the To'hajiilee chapter of the Navajo Nation in Bernalillo county;

(30) one hundred seventy-five thousand dollars ($175,000) to purchase and equip vehicles for the Clovis senior center in Curry county;

(31) three hundred forty-four thousand dollars ($344,000) to purchase and equip vehicles for the Anthony senior center in Dona Ana county;

(32) three million eighty-three thousand dollars ($3,083,000) to plan, design, construct, equip and furnish the East Mesa/Sage cafe senior center in Las Cruces in Dona Ana county;

(33) three hundred ten thousand dollars ($310,000) to purchase and equip vehicles for the Munson senior center in Las Cruces in Dona Ana county;

(34) three hundred sixty-five thousand dollars ($365,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Artesia senior center in Eddy county;

(35) one hundred two thousand dollars ($102,000) for renovations to the Artesia senior center in Eddy county;

(36) five hundred thousand dollars ($500,000) for renovations to the Santa Rosa senior center in Guadalupe county;

(37) eighty-two thousand dollars ($82,000) to purchase and equip vehicles for the Santa Rosa senior center in Guadalupe county;

(38) seventy-three thousand dollars ($73,000) to purchase and equip vehicles for the Eunice senior center in Lea county;

(39) one hundred twenty-three thousand dollars ($123,000) to purchase and equip vehicles for the Betty Ehart senior center in Los Alamos in Los Alamos county;

(40) eighty thousand dollars ($80,000) to purchase and install meals equipment and other equipment for the Deming senior center in Luna county;

(41) two hundred twenty-three thousand dollars ($223,000) for renovations to the Baca senior center in the Baca-Prewitt chapter of the Navajo Nation in McKinley county;

(42) one million one hundred fifty-four thousand dollars ($1,154,000) to plan, design, construct, equip and furnish the Breadsprings senior center in the Breadsprings chapter of the Navajo Nation in McKinley county;

(43) fourteen thousand dollars ($14,000) to purchase and install meals equipment and other equipment for the Breadsprings chapter of the Navajo Nation in McKinley county;

(44) twenty-nine thousand dollars ($29,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Chichiltah senior center in the Chichiltah chapter of the Navajo Nation in McKinley county;

(45) eighty-seven thousand dollars ($87,000) to plan, design, construct, equip and furnish the Chichiltah senior center in the Chichiltah chapter of the Navajo Nation in McKinley county;

(46) three million six hundred thirty-one thousand dollars ($3,631,000) to plan, design, construct, equip and furnish the Ramah senior center in McKinley county;

(47) ninety-five thousand dollars ($95,000) to purchase and equip vehicles for the Pinedale senior center in the Pinedale chapter of the Navajo Nation in McKinley county;

(48) ninety-five thousand dollars ($95,000) to purchase and equip vehicles for the Pueblo Pintado senior center in the Pueblo Pintado chapter of the Navajo Nation in McKinley county;

(49) ninety-five thousand dollars ($95,000) to purchase and equip vehicles for the Whitehorse Lake senior center in the Whitehorse chapter of the Navajo Nation in McKinley county;

(50) one hundred fifty-one thousand dollars ($151,000) for renovations to the Alamo senior center in Alamogordo in Otero county;

(51) one hundred thirty-seven thousand dollars ($137,000) to purchase and equip vehicles for the senior center for the Mescalero Apache Tribe in Otero county;

(52) twenty-five thousand dollars ($25,000) for renovations to the Logan senior center in Quay county;

(53) two hundred sixty-six thousand dollars ($266,000) for renovations to the Tucumcari senior center in Quay county;

(54) twenty-three thousand dollars ($23,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Santa Clara Pueblo adult daycare in the Pueblo of Santa Clara in Rio Arriba county;

(55) forty-nine thousand dollars ($49,000) for renovations to the Santa Clara Pueblo adult daycare in the Pueblo of Santa Clara in Rio Arriba county;

(56) one hundred eighty-seven thousand dollars ($187,000) for renovations to the Santa Clara senior center in the Pueblo of Santa Clara in Rio Arriba county;

(57) six hundred thousand dollars ($600,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Beclabito senior center in the Beclabito chapter of the Navajo Nation in San Juan county;

(58) twenty-nine thousand dollars ($29,000) to purchase and install meals equipment and other equipment for the Bloomfield senior center in San Juan county;

(59) six hundred ninety-three thousand dollars ($693,000) for renovations to the Bloomfield senior center in San Juan county;

(60) eighty thousand dollars ($80,000) to purchase and equip vehicles for the Crystal senior center in the Crystal chapter of the Navajo Nation in San Juan county;

(61) twenty-one thousand dollars ($21,000) to purchase and install meals equipment and other equipment for the Bonnie Dallas senior center in Farmington in San Juan county;

(62) twenty thousand dollars ($20,000) to plan and design the Bonnie Dallas senior center in Farmington in San Juan county;

(63) one hundred twenty thousand dollars ($120,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Hogback senior center in the Hogback chapter of the Navajo Nation in San Juan county;

(64) fifty thousand dollars ($50,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Lake Valley senior center in the Lake Valley chapter of the Navajo Nation in San Juan county;

(65) ninety thousand dollars ($90,000) to purchase and equip vehicles for the Lake Valley senior center in the Lake Valley chapter of the Navajo Nation in San Juan county;

(66) six hundred seventy thousand dollars ($670,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Naschitti senior center in the Naschitti chapter of the Navajo Nation in San Juan county;

(67) one hundred twenty thousand dollars ($120,000) to plan, design, construct, equip and furnish the Naschitti senior center in the Naschitti chapter of the Navajo Nation in San Juan county;

(68) six hundred fifty thousand dollars ($650,000) to plan, design, construct, equip and furnish the Naschitti senior center in the Naschitti chapter of the Navajo Nation in San Juan county;

(69) sixty-five thousand dollars ($65,000) to purchase and install meals equipment and other equipment for the Naschitti senior center in the Naschitti chapter of the Navajo Nation in San Juan county;

(70) eighty thousand dollars ($80,000) to purchase and equip vehicles for the Naschitti senior center in the Naschitti chapter of the Navajo Nation in San Juan county;

(71) five hundred sixty thousand dollars ($560,000) for renovations to the Newcomb senior center in the Newcomb chapter of the Navajo Nation in San Juan county;

(72) thirty-four thousand dollars ($34,000) for renovations to the Blanco senior center in San Juan county;

(73) eighty-five thousand dollars ($85,000) to purchase and equip vehicles for the Blanco senior center in San Juan county;

(74) ninety-six thousand dollars ($96,000) to plan, design, construct, equip and furnish the Lower Valley senior center in Fruitland in San Juan county;

(75) one hundred nine thousand dollars ($109,000) for renovations to the Lower Valley senior center in Fruitland in San Juan county;

(76) one hundred forty-four thousand dollars ($144,000) to purchase and equip vehicles for the Lower Valley senior center in Fruitland in San Juan county;

(77) three hundred twenty-seven thousand dollars ($327,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Sheep Springs senior center in the Sheep Springs chapter of the Navajo Nation in San Juan county;

(78) three hundred fifty thousand dollars ($350,000) for renovations to the Sheep Springs senior center in the Sheep Springs chapter of the Navajo Nation in San Juan county;

(79) one hundred thirty-four thousand dollars ($134,000) to purchase and equip vehicles for the Sheep Springs senior center in the Sheep Springs chapter of the Navajo Nation in San Juan county;

(80) forty-seven thousand dollars ($47,000) to purchase and install meals equipment and other equipment for the Upper Fruitland senior center in the Upper Fruitland chapter of the Navajo Nation in San Juan county;

(81) sixty-five thousand dollars ($65,000) to purchase and equip vehicles for the Upper Fruitland senior center in the Upper Fruitland chapter of the Navajo Nation in San Juan county;

(82) five hundred ninety thousand dollars ($590,000) to plan, design, construct, equip and furnish the Upper Fruitland senior center in the Upper Fruitland chapter of the Navajo Nation in San Juan county;

(83) eighty-two thousand dollars ($82,000) to purchase and equip vehicles for the Broadmoor senior center in Rio Rancho in Sandoval county;

(84) thirty thousand dollars ($30,000) to purchase and install meals equipment and other equipment for the Broadmoor senior center in Rio Rancho in Sandoval county;

(85) sixty-four thousand dollars ($64,000) to purchase and install meals equipment and other equipment for the Meadowlark senior center in Rio Rancho in Sandoval county;

(86) two hundred eighty-two thousand dollars ($282,000) for renovations to the Meadowlark senior center in Rio Rancho in Sandoval county;

(87) thirty-one thousand dollars ($31,000) to purchase and install meals equipment and other equipment for the Bernalillo senior center in Sandoval county;

(88) eighty-eight thousand dollars ($88,000) to purchase and equip vehicles for the Bernalillo senior center in Sandoval county;

(89) thirty-one thousand dollars ($31,000) to purchase and install meals equipment and other equipment for the Corrales senior center in Sandoval county;

(90) three hundred seventeen thousand dollars ($317,000) for renovations to the Corrales senior center in Sandoval county;

(91) thirty-one thousand dollars ($31,000) to purchase and install meals equipment and other equipment for the Cuba senior center in Sandoval county;

(92) thirty-one thousand dollars ($31,000) to purchase and install meals equipment and other equipment for the Jemez senior center in the Pueblo of Jemez in Sandoval county;

(93) thirty-one thousand dollars ($31,000) to purchase and install meals equipment and other equipment for the Placitas senior center in Sandoval county;

(94) eighty-eight thousand dollars ($88,000) to purchase and equip vehicles for the Ken James senior center in Truth or Consequences in Sierra county;

(95) thirty-seven thousand dollars ($37,000) for renovations to the Socorro senior center in Socorro county;

(96) one hundred seventy-five thousand dollars ($175,000) to plan, design, construct, equip and furnish the Amalia senior center in Taos county;

(97) two million one hundred two thousand dollars ($2,102,000) to plan, design, construct, equip and furnish the Des Moines senior center in Union county; and

(98) one hundred six thousand dollars ($106,000) for renovations to the Del Rio senior center in Rio Communities in Valencia county;

B. for library acquisitions at public libraries, public school libraries, academic libraries and tribal libraries statewide:

(1) to the cultural affairs department:

(a) six million dollars ($6,000,000) for equipment, library furniture, fixtures and supplemental library resource acquisitions, including print, non-print and electronic resources, collaborative library resources and information technology projects, and for the purchase and installation of broadband internet equipment and infrastructure at non-tribal public libraries statewide; and

(b) one million dollars ($1,000,000) for equipment, library furniture, fixtures and supplemental library resource acquisitions, including print, non-print and electronic resources, collaborative library resources and information technology projects, and for the purchase and installation of broadband internet equipment and infrastructure at tribal libraries statewide;

(2) six million dollars ($6,000,000) to the higher education department for supplemental library acquisitions, including books, equipment, electronic resources, collaborative library resources and information technology projects, for academic libraries statewide; and

(3) six million dollars ($6,000,000) to the public education department for equipment and supplemental library resource acquisitions, including print, non-print and electronic resources, at public school libraries statewide;

C. for capital improvements and acquisitions at institutions of higher education, special schools and tribal schools statewide:

(1) to the board of regents of eastern New Mexico university:

(a) five million three hundred thousand dollars ($5,300,000) to plan, design, construct, furnish and equip an addition to the aircraft maintenance technology building at the Roswell branch campus of eastern New Mexico university in Chaves county;

(b) three million dollars ($3,000,000) to plan, design, construct, furnish and equip a workforce training facility, including demolition, at the Ruidoso branch campus of eastern New Mexico university in Lincoln county; and

(c) two million dollars ($2,000,000) to plan, design, construct, renovate, repair and equip improvements to eastern New Mexico university in Portales in Roosevelt county;

(2) to the higher education department:

(a) ten million dollars ($10,000,000) to plan, design, construct, furnish and equip a makerspace facility at central New Mexico community college in Albuquerque in Bernalillo county;

(b) six million dollars ($6,000,000) to plan, design, renovate, repair and equip infrastructure and facilities at central New Mexico community college campuses in Albuquerque in Bernalillo county;

(c) two million dollars ($2,000,000) to plan, design, construct, renovate and equip improvements to the cosmetology and classroom south building, including parking lot improvements, at Clovis community college in Clovis in Curry county;

(d) five million dollars ($5,000,000) to plan, design, construct, furnish and equip a trades and technologies building at southeast New Mexico college in Carlsbad in Eddy county;

(e) four million dollars ($4,000,000) to plan, design, construct, renovate and equip improvements to Mansur hall at New Mexico junior college in Lea county;

(f) one million dollars ($1,000,000) to plan, design, construct, renovate, repair and equip improvements to Navajo technical university in Crownpoint in McKinley county;

(g) one million dollars ($1,000,000) to plan, design, construct, renovate, repair and equip improvements to the south campus of Dine college in Shiprock in San Juan county;

(h) three million two hundred fifty thousand dollars ($3,250,000) to plan, design, construct, renovate and equip mechanical systems campuswide, including replacement of boilers, at San Juan college in Farmington in San Juan county;

(i) one million dollars ($1,000,000) to plan, design, construct, renovate, repair and equip improvements to Luna community college in Las Vegas in San Miguel county;

(j) four hundred eighty thousand dollars ($480,000) to plan, design, construct and equip improvements and upgrades to the loop road and emergency evacuation routes at the institute of American Indian arts in Santa Fe county; and

(k) three million seven hundred thousand dollars ($3,700,000) to plan, design, construct and renovate the main building at Santa Fe community college in Santa Fe county;

(3) to the board of regents of the New Mexico school for the blind and visually impaired, four million eight hundred thousand dollars ($4,800,000) to plan, design, construct, renovate, furnish and equip an early childhood facility at the New Mexico school for the blind and visually impaired in Albuquerque in Bernalillo county;

(4) to the board of regents of New Mexico highlands university, four million three hundred sixty thousand dollars ($4,360,000) to plan, design, construct and equip improvements to the Ivan Hilton science building at New Mexico highlands university in Las Vegas in San Miguel county;

(5) to the board of regents of the New Mexico institute of mining and technology, eight million five hundred thousand dollars ($8,500,000) to plan, design, construct, furnish and equip the Kelly hall building at the New Mexico institute of mining and technology in Socorro in Socorro county;

(6) to the board of regents of New Mexico military institute, two million one hundred thousand dollars ($2,100,000) to plan, design, construct and equip improvements to Willson hall, including heating, ventilation and air conditioning systems, at the New Mexico military institute in Roswell in Chaves county;

(7) to the board of regents of the New Mexico school for the deaf, three million dollars ($3,000,000) to plan, design, construct, renovate, furnish and equip an early childhood facility at the New Mexico school for the deaf in Albuquerque in Bernalillo county;

(8) to the board of regents of New Mexico state university:

(a) three million dollars ($3,000,000) to plan, design, renovate, construct and equip improvements to Martinez hall at the Grants branch campus of New Mexico state university in Cibola county;

(b) ten million dollars ($10,000,000) to plan, design, construct, furnish and equip a creative media facility at New Mexico state university in Las Cruces in Dona Ana county;

(c) twenty million dollars ($20,000,000) to plan, design, construct, renovate and equip infrastructure campuswide, including steam and electrical systems, at New Mexico state university in Las Cruces in Dona Ana county;

(d) one million five hundred seventy-five thousand dollars ($1,575,000) to plan, design, construct and equip improvements and upgrades to the loop road and emergency evacuation routes at the Gadsden center at the Dona Ana branch community college of New Mexico state university in Anthony in Dona Ana county;

(e) one million dollars ($1,000,000) to plan, design, construct, renovate and equip facilities and infrastructure at the Alamogordo branch campus of New Mexico state university in Otero county; and

(f) fifteen million dollars ($15,000,000) to plan, design, construct, renovate, repair and equip agricultural science and experimentation stations statewide;

(9) to the board of regents of northern New Mexico state school, five million dollars ($5,000,000) to plan, design, construct, renovate, repair, furnish and equip classrooms and facilities at the Espanola branch campus of northern New Mexico state school in Rio Arriba county;

(10) to the board of regents of the university of New Mexico:

(a) thirty-five million dollars ($35,000,000) to plan, design, construct, renovate and equip facilities and infrastructure at the college of pharmacy at the university of New Mexico in Albuquerque in Bernalillo county;

(b) fifty-two million dollars ($52,000,000) to plan, design, construct, furnish and equip a new humanities and social science facility, including abatement and demolition of existing facilities, at the university of New Mexico in Albuquerque in Bernalillo county;

(c) one million dollars ($1,000,000) to plan, design, construct, renovate and equip facilities and infrastructure at the Los Alamos branch campus of the university of New Mexico in Los Alamos county;

(d) four million dollars ($4,000,000) to plan, design, renovate, construct, furnish and equip improvements to Gurley hall at the Gallup branch campus of the university of New Mexico in McKinley county;

(e) one million five hundred thousand dollars ($1,500,000) to plan, design, construct, furnish and equip a science and space education center at the Taos branch campus of the university of New Mexico in Taos county; and

(f) one million dollars ($1,000,000) to plan, design, construct, renovate, repair and equip facilities at the Valencia branch campus of the university of New Mexico in Valencia county; and

(11) to the board of regents of western New Mexico university, nine million dollars ($9,000,000) to plan, design, construct, furnish and equip an early childhood development center building at western New Mexico university in Silver City in Grant county; and

D. for public safety radio communications improvements, to the department of information technology, ten million dollars ($10,000,000) to plan, design, purchase, install and implement related infrastructure to stabilize and modernize public safety radio communications systems statewide.

SECTION 11. ELECTION.--

A. Bonds issued pursuant to the 2024 Capital Projects General Obligation Bond Act shall be submitted to the registered voters of the state at the general election to be held in November 2024, and, if they receive a majority of all the votes cast thereon at such election, shall take effect upon certification of the state canvassing board announcing the results of the election. No bonds shall be issued or sold under that act until the registered voters of this state have voted upon and approved the bonds and property tax as provided in this section. Any bonds issued under that act shall be issued within thirty months from the date of such election.

B. The ballots used at the 2024 general election shall contain substantially the following language:

(1) "The 2024 Capital Projects General Obligation Bond Act authorizes the issuance and sale of senior citizen facility improvement, construction and equipment acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed thirty million seven hundred fifty-eight thousand one hundred dollars ($30,758,100) to make capital expenditures for certain senior citizen facility improvement, construction and equipment acquisition projects and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

For________________ Against___________________";

(2) "The 2024 Capital Projects General Obligation Bond Act authorizes the issuance and sale of library acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed nineteen million three hundred five thousand dollars ($19,305,000) to make capital expenditures for academic, public school, tribal and public library resource acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

For________________ Against___________________";

(3) "The 2024 Capital Projects General Obligation Bond Act authorizes the issuance and sale of higher education, special schools and tribal schools capital improvement and acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed two hundred thirty million two hundred fifty-eight thousand four hundred dollars ($230,258,400) to make capital expenditures for certain higher education, special schools and tribal schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

For________________ Against___________________"; and

(4) "The 2024 Capital Projects General Obligation Bond Act authorizes the issuance and sale of public safety radio system improvement bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed ten million two hundred ninety-seven thousand one hundred dollars ($10,297,100) to make capital expenditures for public safety radio communications systems stabilization and modernization and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

For________________ Against___________________".

C. Each question set forth in this section includes a specific work or object to be financed by the bonds. If any such question is not approved by a majority vote of the electorate at the state's 2024 general election, the issuance of bonds for the work or object specified by the question shall be excluded from and shall not be part of the 2024 Capital Projects General Obligation Bond Act. The failure of a question to be approved by the electorate at the 2024 general election shall not affect those questions that are approved at the election.

D. The secretary of state shall include the submission of the capital projects general obligation bonds to the people at the 2024 general election, and it shall be included in the general election proclamation. The secretary of state shall cause the 2024 Capital Projects General Obligation Bond Act to be published in full in at least one newspaper in each county of the state if one be published therein, once each week, for four successive weeks next preceding the general election as required by the constitution of New Mexico.

SECTION 12. ART IN PUBLIC PLACES.--Pursuant to Section 13-4A-4 NMSA 1978 and where applicable, the appropriations authorized in the 2024 Capital Projects General Obligation Bond Act include money for the art in public places fund.

SECTION 13. PROJECT SCOPE--EXPENDITURES--REVERSION.--

A. If an appropriation for a project authorized in the 2024 Capital Projects General Obligation Bond Act is not sufficient to complete all the purposes specified, the appropriation may be expended for any portion of the purposes specified in the appropriation. Expenditures shall not be made for purposes other than those specified in the appropriation.

B. The state agencies and state institutions to which money has been appropriated in the 2024 Capital Projects General Obligation Bond Act shall be responsible for monitoring the projects funded in that act to ensure compliance with the constitution and laws of New Mexico and shall cause to be reverted any unexpended or unencumbered balance remaining at the earlier of the third full fiscal year after issuance of the bonds or the termination or completion of the specific project. Reverted funds shall be deposited in the debt service fund established by the state treasurer for the purpose of paying the principal of and interest on the state's general obligation bonds.

SECTION 14. SEVERABILITY.--If any part or application of the 2024 Capital Projects General Obligation Bond Act is held invalid, the remainder or its application to other situations or persons shall not be affected.

SECTION 15. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

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