0001| HOUSE BILL 1015
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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| MAX COLL
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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 CAPITAL PROJECTS IN SANTA FE COUNTY;
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0013| MAKING APPROPRIATIONS; 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--AUTHORIZATIONS--
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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 to exceed the total of the amounts
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0021| authorized for purposes specified in Sections 2 through 7 of
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0022| this act. The state board of finance shall schedule the
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0023| issuance and sale of the bonds in the most expeditious and
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0024| economical manner possible upon a finding by the board that the
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0025| project has been developed sufficiently to justify the issuance
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0001| and that the project can proceed to contract within a
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0002| reasonable time. The state board of finance shall further take
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0003| the appropriate steps necessary to comply with the Internal
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0004| Revenue Code of 1986, as amended. Proceeds from the sale of
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0005| the bonds are appropriated for the purposes specified in
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0006| Sections 2 through 7 of this act.
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0007| B. The agencies named in Sections 2 through 7 of
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0008| this act shall certify to the state board of finance when the
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0009| money from the proceeds of the severance tax bonds authorized
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0010| in this section is needed for the purposes specified in the
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0011| applicable section of this act.
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0012| C. If the specified agency has not certified the
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0013| need for the issuance of the bonds by the end of fiscal year
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0014| 1999, the authorization provided in this act shall be void.
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0015| D. Unless otherwise specified in this act, any
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0016| unexpended or unencumbered balance remaining from the proceeds
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0017| of severance tax bonds issued pursuant to Sections 2 through 7
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0018| of this act at the end of fiscal year 2000 shall revert to the
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0019| severance tax bonding fund.
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0020| Section 2. SEVERANCE TAX BONDS--STATE DEPARTMENT OF
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0021| PUBLIC EDUCATION--PURPOSES.--Pursuant to the provisions of
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0022| Section 1 of this act, upon certification by the state
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0023| department of public education that the need exists for the
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0024| issuance of the bonds, the following amounts are appropriated
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0025| to the state department of public education for the following
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0001| purposes:
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0002|
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0003| A. four hundred fifty thousand dollars ($450,000)
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0004| for planning, designing, constructing and equipping or
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0005| purchasing, installing and equipping classrooms for the
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0006| alternative high school in the Santa Fe public school district
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0007| located in Santa Fe county;
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0008| B. three hundred ninety-eight thousand dollars
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0009| ($398,000) to purchase and install educational technology and
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0010| theater and dance floor equipment for the Santa Fe public
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0011| schools' dropout prevention program in Santa Fe county; and
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0012| C. five hundred twenty thousand dollars ($520,000)
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0013| to purchase and install educational technology for the Santa Fe
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0014| public schools' comprehensive student and staff database
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0015| program in Santa Fe county.
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0016| Section 3. SEVERANCE TAX BONDS--LOCAL GOVERNMENT DIVISION
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0017| OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION--PURPOSE.--
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0018| Pursuant to the provisions of Section 1 of this act, upon
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0019| certification by the local government division of the
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0020| department of finance and administration that the need exists
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0021| for the issuance of the bonds, three million eighteen thousand
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0022| dollars ($3,018,000) is appropriated to the local government
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0023| division of the department of finance and administration for
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0024| the purpose of constructing, equipping and furnishing a school-
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0025| community library in Eldorado located in Santa Fe county.
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0001| Section 4. SEVERANCE TAX BONDS--NEW MEXICO SCHOOL FOR THE
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0002| DEAF--PURPOSE.--Pursuant to the provisions of Section 1 of this
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0003| act, upon certification by the board of regents of the New
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0004| Mexico school for the deaf that the need exists for the
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0005| issuance of the bonds, five hundred thousand dollars ($500,000)
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0006| is appropriated to the board of regents of the New Mexico
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0007| school for the deaf for the purpose of campus improvements,
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0008| including roof repairs, completion of construction of the
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0009| library and dormitory, for equipping the television-media
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0010| studio, for purchasing vehicles for student transportation and
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0011| for maintenance at the New Mexico school for the deaf located
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0012| in Santa Fe county.
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0013| Section 5. SEVERANCE TAX BONDS--SANTA FE COMMUNITY
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0014| COLLEGE--PURPOSE.--Pursuant to the provisions of Section 1 of
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0015| this act, upon certification by the community college board of
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0016| Santa Fe community college that the need exists for the
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0017| issuance of the bonds, two million dollars ($2,000,000) is
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0018| appropriated to the community college board of Santa Fe
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0019| community college for the purpose of planning, designing,
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0020| constructing and equipping an instructional technology center
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0021| at Santa Fe community college located in Santa Fe county.
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0022| Section 6. SEVERANCE TAX BONDS--OFFICE OF CULTURAL
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0023| AFFAIRS--PURPOSE.--Pursuant to the provisions of Section 1 of
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0024| this act, upon certification by the office of cultural affairs
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0025| that the need exists for the issuance of the bonds, nine
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0001| hundred thousand dollars ($900,000) is appropriated to the
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0002| office of cultural affairs for the purpose of making
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0003| improvements to the Camino Lejo museum complex located in Santa
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0004| Fe county.
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0005| Section 7. SEVERANCE TAX BONDS--STATE HIGHWAY AND
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0006| TRANSPORTATION DEPARTMENT--PURPOSES.--Pursuant to the
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0007| provisions of Section 1 of this act, upon certification by the
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0008| state highway and transportation department that the need
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0009| exists for the issuance of the bonds, the following amounts are
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0010| appropriated to the state highway and transportation department
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0011| for the following purposes:
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0012| A. six hundred fifty thousand dollars ($650,000)
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0013| for the purpose of planning, designing and making improvements
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0014| to Botulph road, including necessary drainage and sewer
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0015| improvements, in the city of Santa Fe located in Santa Fe
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0016| county;
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0017| B. thirty thousand dollars ($30,000) for
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0018| improvements to county road 60A at the Canada Ancha crossing
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0019| located in Santa Fe county; and
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0020| C. eighteen thousand dollars ($18,000) for
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0021| improvements to county road 69 at the Arroyo Hondo crossing
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0022| located in Santa Fe county.
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0023| Section 8. EMERGENCY.--It is necessary for the public
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0024| peace, health and safety that this act take effect immediately.
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0025|
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