0001| HOUSE BILL 739
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| RAYMOND G. SANCHEZ
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0006|
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0007|
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0008|
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0009|
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0010|
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0011| AN ACT
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0012| AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS BONDS TO
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0013| MAKE CAPITAL EXPENDITURES FOR JUVENILE CORRECTIONAL AND
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0014| REHABILITATION FACILITIES; PROVIDING FOR A TAX LEVY FOR PAYMENT
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0015| OF INTEREST AND PRINCIPAL OF THE BONDS; REQUIRING APPROVAL OF
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0016| THE REGISTERED VOTERS AT THE NEXT GENERAL ELECTION; DECLARING AN
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0017| EMERGENCY.
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0018|
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0019| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0020| Section 1. This act may be cited as the "1996 Capital
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0021| Projects Bond Act".
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0022| Section 2. For the purpose of providing funds for capital
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0023| expenditures as authorized in the 1996 Capital Projects Bond
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0024| Act, indebtedness of the state is hereby authorized in an amount
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0025| not to exceed twelve million one hundred eighty-five thousand
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0001| dollars ($12,185,000) as provided in Section 9 of the 1996
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0002| Capital Projects Bond Act and as may be approved by the voters
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0003| of the state and the state board of finance.
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0004| Section 3. The state board of finance, except as otherwise
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0005| specifically provided in the 1996 Capital Projects Bond Act,
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0006| shall issue and sell capital projects bonds in compliance with
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0007| the provisions of Article 4, Section 16 of the constitution of
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0008| New Mexico and shall, in accordance with the provisions of the
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0009| Supplemental Public Securities Act, the Uniform Facsimile
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0010| Signature of Public Officials Act and the Public Securities
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0011| Short-Term Interest Rate Act, determine the form, payment dates
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0012| and manner of payment of capital projects bonds.
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0013| Section 4. The proceeds from the sale of the bonds shall
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0014| be expended solely for providing funds to be distributed in the
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0015| amounts and for the purposes set forth in Section 9 of the 1996
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0016| Capital Projects Bond Act and to pay expenses incurred under the
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0017| provisions of Section 6 of that act.
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0018| Section 5. Bonds authorized by the 1996 Capital Projects
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0019| Bond Act shall be sold, after publication of notice in a
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0020| newspaper of statewide general circulation and in a recognized
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0021| financial journal published outside the state, at either private
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0022| or public sale for no less than par value and accrued interest
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0023| to date. The state board of finance may reject any and all bids
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0024| and waive any irregularity in a bid.
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0025| Section 6. The expenses incurred by the state board of
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0001| finance in or relating to the preparation and sale of the bonds
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0002| shall be paid out of the proceeds from the sale of the bonds.
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0003| Section 7. There is imposed and levied during each year in
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0004| which any of the bonds sold pursuant to the provisions of the
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0005| 1996 Capital Projects Bond Act are outstanding an ad valorem tax
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0006| on all property in the state subject to property taxation for
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0007| state purposes sufficient to pay the interest and principal on
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0008| such bonds as they become due.
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0009| Section 8. The provisions of the 1996 Capital Projects
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0010| Bond Act constitute an irrepealable contract with the holders of
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0011| any of the bonds issued pursuant to that act for the faithful
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0012| performance of which the full faith and credit of the state of
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0013| New Mexico is hereby pledged. All such bonds are exempt from
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0014| taxation by the state and any subdivision or public body
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0015| thereof.
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0016| Section 9. The proceeds from the sale of the 1996 capital
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0017| projects bonds issued under the provisions of the 1996 Capital
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0018| Projects Bond Act shall be distributed to the children, youth
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0019| and families department in the amount of twelve million one
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0020| hundred eighty-five thousand dollars ($12,185,000) for planning
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0021| and construction of juvenile correctional and rehabilitative
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0022| facilities.
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0023| Section 10. The question of whether to issue the bonds and
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0024| impose the tax pursuant to the 1996 Capital Projects Bond Act
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0025| shall be submitted to the registered voters of the state by the
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0001| secretary of state at the general election to be held in
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0002| November 1996, and if a majority of all the votes cast on the
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0003| question is in favor of the issuance of bonds and the imposition
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0004| of the tax, the bonds authorized in such question may be issued
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0005| after the state canvassing board certifies the results of the
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0006| election.
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0007| A ballot used in the 1996 general election shall contain
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0008| substantially the following language:
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0009| "The 1996 Capital Projects Bond Act authorizes the issuance
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0010| and sale of juvenile correctional and rehabilitative facility
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0011| bonds. Shall the state of New Mexico be authorized to issue
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0012| general obligation bonds in an amount not to exceed twelve
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0013| million one hundred eighty-five thousand dollars ($12,185,000)
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0014| to make capital expenditures for juvenile correctional and
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0015| rehabilitative facilities and to provide for a general property
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0016| tax imposition and levy for payment of the principal and
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0017| interest on the bonds as permitted by law?
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0018| For ______________ Against _____________".
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0019| Section 11. EMERGENCY.--It is necessary for the public
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0020| peace, health and safety that this act take effect immediately.
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0021| State of New Mexico
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0022| House of Representatives
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0023|
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0024| FORTY-SECOND LEGISLATURE
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0025| SECOND SESSION, 1996
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0001|
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0002|
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0003| February 9, 1996
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0004|
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0005|
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0006| Mr. Speaker:
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0007|
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0008| Your JUDICIARY COMMITTEE, to whom has been referred
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0009|
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0010| HOUSE BILL 739
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0011|
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0012| has had it under consideration and reports same with
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0013| recommendation that it DO PASS, amended as follows:
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0014|
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0015| 1. On page 1, lines 12 and 13, strike "JUVENILE
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0016| CORRECTIONAL AND REHABILITATIVE FACILITIES" and insert in lieu
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0017| thereof "A SECURE JUVENILE CORRECTIONAL FACILITY".
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0018|
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0019| 2. On page 1, lines 24 and 25, strike "twelve million one
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0020| hundred eighty-five thousand dollars ($12,185,000)" and insert in
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0021| lieu thereof "five million five hundred ninety thousand nine
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0022| hundred forty-one dollars ($5,590,941)".
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0023|
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0024| 3. On page 3, line 18, strike "twelve million one", strike
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0025| all of lines 19 through 21 and insert in lieu thereof "five
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0001| million five hundred ninety thousand nine hundred forty-one
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0002| dollars ($5,590,941) for planning and construction of a secure
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0003| juvenile correctional facility.".
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0004|
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0005| 4. On page 4, line 9, strike "and rehabilitative".
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0006|
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0007| 5. On page 4, line 11, strike "twelve", strike lines 12 and
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0008| 13, and on line 14, strike "rehabilitative facilities" and insert
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0009| in lieu thereof "five million five hundred ninety thousand nine
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0010| hundred forty-one dollars ($5,590,941) for planning and
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0011| construction of a secure juvenile correctional facility".,
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0012|
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0013| and thence referred to the TAXATION AND REVENUE
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0014| COMMITTEE.
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0015|
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0016| Respectfully submitted,
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0017|
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0018|
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0019|
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0020|
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0021| Cisco McSorley, Chairman
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0022|
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0023|
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0024| Adopted Not Adopted
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0025|
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0001| (Chief Clerk) (Chief Clerk)
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0002|
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0003| Date
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0004|
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0005| The roll call vote was 13 For 0 Against
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0006| Yes: 13
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0007| Excused: None
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0008| Absent: None
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0009|
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0010|
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0011| .112021.1
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0012| H0739JC1 State of New Mexico
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0013| House of Representatives
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0014|
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0015| FORTY-SECOND LEGISLATURE
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0016| SECOND SESSION, 1996
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0017|
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0018|
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0019| February 9, 1996
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0020|
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0021|
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0022| Mr. Speaker:
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0023|
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0024| Your JUDICIARY COMMITTEE, to whom has been referred
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0025|
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0001| HOUSE BILL 739
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0002|
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0003| has had it under consideration and reports same with
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0004| recommendation that it DO PASS, amended as follows:
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0005|
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0006| 1. On page 1, lines 12 and 13, strike "JUVENILE
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0007| CORRECTIONAL AND REHABILITATIVE FACILITIES" and insert in lieu
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0008| thereof "A SECURE JUVENILE CORRECTIONAL FACILITY".
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0009|
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0010| 2. On page 1, lines 24 and 25, strike "twelve million one
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0011| hundred eighty-five thousand dollars ($12,185,000)" and insert in
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0012| lieu thereof "five million five hundred ninety thousand nine
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0013| hundred forty-one dollars ($5,590,941)".
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0014|
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0015| 3. On page 3, line 18, strike "twelve million one", strike
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0016| all of lines 19 through 21 and insert in lieu thereof "five
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0017| million five hundred ninety thousand nine hundred forty-one
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0018| dollars ($5,590,941) for planning and construction of a secure
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0019| juvenile correctional facility.".
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0020|
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0021| 4. On page 4, line 9, strike "and rehabilitative".
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0022|
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0023| 5. On page 4, line 11, strike "twelve", strike lines 12 and
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0024| 13, and on line 14, strike "rehabilitative facilities" and insert
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0025| in lieu thereof "five million five hundred ninety thousand nine
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0001| hundred forty-one dollars ($5,590,941) for planning and
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0002| construction of a secure juvenile correctional facility".,
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0003|
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0004| and thence referred to the TAXATION AND REVENUE
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0005| COMMITTEE.
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0006|
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0007| Respectfully submitted,
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0008|
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0009|
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0010|
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0011|
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0012| Cisco McSorley, Chairman
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0013|
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0014|
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0015| Adopted Not Adopted
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0016|
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0017| (Chief Clerk) (Chief Clerk)
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0018|
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0019| Date
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0020|
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0021| The roll call vote was 13 For 0 Against
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0022| Yes: 13
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0023| Excused: None
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0024| Absent: None
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0025|
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0001|
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0002| .112021.1
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0003| H0739JC1 State of New Mexico
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0004| House of Representatives
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0005|
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0006| FORTY-SECOND LEGISLATURE
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0007| SECOND SESSION, 1996
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0008|
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0009|
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0010| February 12, 1996
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0011|
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0012|
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0013| Mr. Speaker:
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0014|
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0015| Your TAXATION AND REVENUE COMMITTEE, to whom has
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0016| been referred
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0017|
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0018| HOUSE BILL 739, as amended
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0019|
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0020| has had it under consideration and reports same with
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0021| recommendation that it DO PASS, amended as follows:
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0022|
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0023| 1. Strike House Judiciary Committee amendments 2, 3, and 5.
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0024|
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0025| 2. On page 1, lines 24 and 25, strike "twelve million one
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0001| hundred eighty-five thousand dollars ($12,185,000)" and insert in
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0002| lieu thereof "five million dollars ($5,000,000)".
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0003|
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0004| 3. On page 3, line 18, strike "twelve million one", strike
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0005| all of lines 19 through 21 and insert in lieu thereof "five
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0006| million dollars ($5,000,000) for planning and construction of a
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0007| secure juvenile correctional facility.".
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0008|
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0009| 4. On page 4, line 11, strike "twelve", strike lines 12 and
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0010| 13, and on line 14, strike "rehabilitative facilities" and insert
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0011| in lieu thereof "five million dollars ($5,000,000) for planning
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0012| and construction of a secure juvenile correctional facility".
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0013|
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0014| Respectfully submitted,
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0015|
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0016|
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0017|
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0018|
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0019|
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0020| Jerry W. Sandel, Chairman
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0021|
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0022|
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0023| Adopted Not Adopted
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0024|
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0025| (Chief Clerk) (Chief Clerk)
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0001|
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0002| Date
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0003|
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0004| The roll call vote was 9 For 0 Against
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0005| Yes: 9
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0006| Excused: Crook, Gonzales, Parsons
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0007| Absent: Ryan
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0008|
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0009|
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0010|
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0011| H0739TR1
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