0001| HOUSE BILL 551 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| LORENZO A. LARRANAGA | 0006| | 0007| | 0008| | 0009| | 0010| | 0011| AN ACT | 0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0013| SEVERANCE TAX BONDS FOR THE RENOVATION, REPAIR AND PURCHASE OF | 0014| EQUIPMENT FOR CERTAIN STATE BUILDINGS THROUGHOUT THE STATE; | 0015| MAKING AN APPROPRIATION FROM THE STATE ROAD FUND TO INSTALL SALT | 0016| STORAGE DOMES IN NORTHERN NEW MEXICO; MAKING APPROPRIATIONS; | 0017| DECLARING AN EMERGENCY. | 0018| | 0019| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0020| Section 1. SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED--APPROPRIATION OF PROCEEDS.-- | 0021| A. The state board of finance may issue and sell | 0022| severance tax bonds in compliance with the Severance Tax Bonding | 0023| Act in an amount not exceeding six million two hundred thousand | 0024| eight hundred dollars ($6,200,800) when the property control | 0025| division of the general services department certifies the need | 0001| for the issuance of the bonds. The state board of finance shall | 0002| schedule the issuance and sale of the bonds in the most | 0003| expeditious and economical manner possible upon a finding by the | 0004| board that the project has been developed sufficiently to | 0005| justify the issuance and that the project can proceed to | 0006| contract within a reasonable time. The state board of finance | 0007| shall further take the appropriate steps necessary to comply | 0008| with the Internal Revenue Code of 1986, as amended. The | 0009| proceeds from the sale of the bonds are appropriated to the | 0010| property control division of the general services department in | 0011| the following amounts for the following purposes: | 0012| (1) one million one hundred sixty-three | 0013| thousand two hundred dollars ($1,163,200) to replace underground | 0014| storage tanks with associated piping, clean up sites and install | 0015| leak detection systems on tanks located throughout the state; | 0016| (2) six hundred forty-two thousand two hundred | 0017| dollars ($642,200) to replace refrigeration equipment throughout | 0018| the state; | 0019| (3) eight hundred fifty-one thousand seven | 0020| hundred dollars ($851,700) to replace boiler units and install | 0021| water treatment systems for boilers located throughout the | 0022| state; | 0023| (4) four hundred thousand dollars ($400,000) to | 0024| perform renovation and repairs to state buildings located | 0025| throughout the state; | 0001| (5) two hundred thousand dollars ($200,000) to | 0002| perform emergency repairs to state buildings located throughout | 0003| the state; | 0004| (6) one million eighty-eight thousand dollars | 0005| ($1,088,000) for roof replacement and related repairs at state | 0006| buildings located throughout the state; | 0007| (7) five hundred forty-six thousand dollars | 0008| ($546,000) to remodel, repair and make improvements to the | 0009| office of the income support division of the human services | 0010| department in Espanola located in Rio Arriba county; | 0011| (8) three hundred seventy thousand four hundred | 0012| dollars ($370,400) to complete renovation of and repair the | 0013| office of the income support division of the human services | 0014| department in southeast Bernalillo county; | 0015| (9) three hundred twenty-four thousand nine | 0016| hundred dollars ($324,900) to renovate and make improvements to | 0017| the New Mexico rehabilitation center in Roswell located in | 0018| Chaves county; | 0019| (10) fifty-six thousand dollars ($56,000) to | 0020| purchase an emergency backup generator for the New Mexico | 0021| veterans' center located in Sierra county; | 0022| (11) eighty-five thousand one hundred dollars | 0023| ($85,100) to renovate and make improvements to the New Mexico | 0024| rehabilitation center located in Chaves county in order to | 0025| comply with the federal Americans with Disabilities Act of 1990; | 0001| (12) one hundred forty-five thousand six | 0002| hundred dollars ($145,600) to reroof the pool facility at the | 0003| Los Lunas hospital and training school located in Valencia | 0004| county; and | 0005| (13) three hundred twenty-seven thousand seven | 0006| hundred dollars ($327,700) to reroof residential cottages at the | 0007| Las Vegas medical center located in San Miguel county. | 0008| B. If the property control division of the general | 0009| services department has not certified the need for the issuance | 0010| of the bonds by the end of fiscal year 1999, the authorization | 0011| provided in this section shall be void. Any unexpended or | 0012| unencumbered balance remaining from the proceeds of severance | 0013| tax bonds issued pursuant to Subsection A of this section at the | 0014| end of fiscal year 2000 shall revert to the severance tax | 0015| bonding fund. | 0016| Section 2. APPROPRIATION--STATE ROAD FUND--PURPOSE.--Four | 0017| hundred seventy-eight thousand seven hundred dollars ($478,700) | 0018| is appropriated from the state road fund to the state highway | 0019| and transportation department for expenditure in fiscal years | 0020| 1997 through 2000 to install salt storage domes at patrol yards | 0021| in Taos located in Taos county, in Chama located in Rio Arriba | 0022| county and in Santa Fe located in Santa Fe county. Any | 0023| unexpended or unencumbered balance remaining at the end of | 0024| fiscal year 2000 shall revert to the state road fund. | 0025| Section 3. EMERGENCY.--It is necessary for the public | 0001| peace, health and safety that this act take effect immediately. | 0002|  |