0001|                            HOUSE BILL 585
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                         ROBERTO J. GONZALES
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0005|     
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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|                                AN ACT
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0011|     RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
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0012|     SEVERANCE TAX BONDS FOR IMPROVEMENTS TO VARIOUS TAOS PUBLIC
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0013|     SCHOOLS; MAKING AN APPROPRIATION; DECLARING AN EMERGENCY.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|          Section 1.  SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED-
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0017|     -APPROPRIATION OF PROCEEDS.--
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0018|               A.  The state board of finance may issue and sell
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0019|     severance tax bonds in compliance with the Severance Tax
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0020|     Bonding Act in an amount not exceeding five million three
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0021|     hundred sixty thousand four hundred dollars ($5,360,400) when
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0022|     the state department of public education certifies the need for
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0023|     the issuance of the bonds.  The state board of finance shall
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0024|     schedule the issuance and sale of the bonds in the most
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0025|     expeditious and economical manner possible upon a finding by
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0001|     the board that the project has been developed sufficiently to
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0002|     justify the issuance and that the project can proceed to
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0003|     contract within a reasonable time.  The state board of finance
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0004|     shall further take the appropriate steps necessary to comply
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0005|     with the Internal Revenue Code of 1986, as amended.  The
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0006|     proceeds from the sale of the bonds are appropriated to the
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0007|     state department of public education in the following amounts
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0008|     for expenditure in the Taos school district public schools
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0009|     located in Taos county for the following purposes:
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0010|                    (1)  six hundred fifty thousand dollars
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0011|     ($650,000) for site and approach road improvements at the
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0012|     Northside elementary school;
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0013|                    (2)  two hundred fifty thousand dollars
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0014|     ($250,000) for improvements to the wastewater system, including
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0015|     a new traditional or wetland treatment facility, at the
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0016|     Northside elementary school;
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0017|                    (3)  two hundred fifty thousand dollars
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0018|     ($250,000) for building improvements, including a walkway
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0019|     portal and purchase and installation of various equipment, at
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0020|     the Northside elementary school;
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0021|                    (4)  seven hundred eighty-six thousand six
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0022|     hundred dollars ($786,600) for planning, designing,
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0023|     constructing and equipping six new classrooms and necessary
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0024|     storage and sanitary facilities at Taos high school;
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0025|                    (5)  five hundred thirteen thousand dollars
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0001|     ($513,000) for repairs to the roof and canales and related
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0002|     drainage landscaping and various remodeling and renovation
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0003|     necessary to comply with the federal Americans with
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0004|     Disabilities Act of 1990 at Taos junior high school;
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0005|                    (6)  four hundred seventy thousand eight
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0006|     hundred dollars ($470,800) for planning, designing,
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0007|     constructing and equipping or purchasing, installing and
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0008|     equipping two permanent kindergarten classrooms and one music
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0009|     classroom and for various landscaping improvements at the
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0010|     Ranchos de Taos elementary school; and
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0011|                    (7)  two million four hundred forty thousand
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0012|     dollars ($2,440,000) for planning, designing, constructing and
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0013|     equipping or purchasing, installing and equipping four
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0014|     classrooms, six therapy rooms and a cafeteria and for various
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0015|     remodeling and renovation projects, including work necessary
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0016|     for compliance with the federal Americans with Disabilities Act
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0017|     of 1990, in Taos elementary school and Enos Garcia middle
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0018|     school.
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0019|               B.  If the state department of public education has
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0020|     not certified the need for the issuance of the bonds by the end
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0021|     of fiscal year 1999, the authorization provided in this section
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0022|     shall be void.  Any unexpended or unencumbered balance
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0023|     remaining from the proceeds of severance tax bonds issued
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0024|     pursuant to Subsection A of this section at the end of fiscal
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0025|     year 2000 shall revert to the severance tax bonding fund. 
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0001|          Section 2.  EMERGENCY.--It is necessary for the public
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0002|     peace, health and safety that this act take effect immediately.
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0003|                              
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