0001| HOUSE BILL 1018
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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| JAMES G. TAYLOR
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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 ALBUQUERQUE METROPOLITAN ARROYO FLOOD CONTROL;
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0012| AMENDING A CERTAIN SECTION OF THE NMSA 1978 TO INCREASE DEBT
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0013| AUTHORIZATION.
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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. Section 72-16-44 NMSA 1978 (being Laws 1963,
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0017| Chapter 311, Section 44, as amended) is amended to read:
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0018| "72-16-44. ISSUANCE OF BONDS AND INCURRENCE OF DEBT.--The
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0019| authority is authorized to borrow money in anticipation of
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0020| taxes or other revenues, or both, and to issue bonds to
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0021| evidence the amount so borrowed. No bonded indebtedness or any
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0022| other indebtedness not payable in full within one year, except
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0023| for interim debentures as provided in Sections 72-16-46 and 72-
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0024| 16-89 through 72-16-91 NMSA 1978, shall be created by the
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0025| authority without first submitting a proposition of issuing
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0001| such bonds to the qualified electors of the authority and being
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0002| approved by a majority of such electors voting thereon at an
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0003| election held for that purpose in accordance with Sections 72-
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0004| 16-28 through 72-16-34 NMSA 1978 and all laws amendatory
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0005| thereof and supplemental thereto. Bonds so authorized may be
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0006| issued in one series or more and may mature at such time or
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0007| times not exceeding forty years from their issuance as the
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0008| board may determine. The total of all outstanding indebtedness
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0009| at any one time shall not exceed [twenty million dollars
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($20,000,000)] sixty million dollars ($60,000,000) without
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0011| prior approval of the state legislature."
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0012| State of New Mexico
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0013| House of Representatives
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0014|
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0015| FORTY-THIRD LEGISLATURE
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0016| FIRST SESSION, 1997
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0017|
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0018|
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0019| March 12, 1997
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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 TAXATION AND REVENUE COMMITTEE, to whom has
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0025| been referred
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0001|
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0002| HOUSE BILL 1018
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0003|
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0004| has had it under consideration and reports same with
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0005| recommendation that it DO PASS, amended as follows:
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0006|
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0007| 1. On page 2, line 10, strike the underscored language
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0008| "sixty million dollars ($60,000,000)" and insert in lieu thereof
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0009| "forty million dollars ($40,000,000)".
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0010|
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0011| Respectfully submitted,
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0012|
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0013|
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0014|
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0015|
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0016|
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0017| Jerry W. Sandel, Chairman
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0018|
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0019|
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0020| Adopted Not Adopted
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0021|
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0022| (Chief Clerk) (Chief Clerk)
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0023|
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0024| Date
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0025|
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0001| The roll call vote was 12 For 0 Against
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0002| Yes: 12
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0003| Excused: Russell
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0004| Absent: None
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0005|
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0006|
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0007|
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0008| G:\BILLTEXT\BILLW_97\H1018
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0009|
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0010| FORTY-THIRD LEGISLATURE
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0011| FIRST SESSION, 1997
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0012|
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0013|
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0014| March 19, 1997
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0015|
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0016| Mr. President:
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0017|
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0018| Your WAYS AND MEANS COMMITTEE, to whom has been
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0019| referred
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0020|
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0021| HOUSE BILL 1018, as amended
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0022|
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0023| has had it under consideration and reports same with
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0024| recommendation that it DO PASS.
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0025|
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0001| Respectfully submitted,
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0002|
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0003|
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0004|
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0005|
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0006| __________________________________
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0007| Carlos R. Cisneros, Chairman
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0008|
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0009|
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0010|
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0011| Adopted_______________________ Not
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0012| Adopted_______________________
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0013| (Chief Clerk) (Chief Clerk)
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0014|
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0015|
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0016|
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0017| Date ________________________
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0018|
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0019|
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0020| The roll call vote was 7 For 0 Against
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0021| Yes: 7
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0022| No: 0
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0023| Excused: Duran, McSorley
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0024| Absent: None
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0025|
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0001|
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0002| H1018M1
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0003| State of New Mexico
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0004| House of Representatives
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0005|
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0006| FORTY-THIRD LEGISLATURE
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0007| FIRST SESSION, 1997
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0008|
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0009|
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0010| March 4, 1997
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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 GOVERNMENT AND URBAN AFFAIRS COMMITTEE, to
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0016| whom has been referred
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0017|
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0018| HOUSE BILL 1018
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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, and thence referred to the
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0022| TAXATION AND REVENUE COMMITTEE.
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0023|
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0024| Respectfully submitted,
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0025|
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0001|
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0002|
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0003|
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0004| Lynda M. Lovejoy, Chairwoman
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0005|
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0006|
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0007| Adopted Not Adopted
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0008|
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0009| (Chief Clerk) (Chief Clerk)
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0010|
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0011| Date
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0012|
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0013| The roll call vote was 7 For 0 Against
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0014| Yes: 7
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0015| Excused: Hobbs
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0016| Absent: None
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0017|
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0018|
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0019| G:\BILLTEXT\BILLW_97\H1018
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