0001|                           SENATE BILL 1228
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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|                          PHILLIP J. MALOOF
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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|     CHANGING THE PURPOSE OF A SEVERANCE TAX BOND AUTHORIZATION FROM
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0012|     A ROAD PROJECT TO SITE IMPROVEMENTS AT AN AQUATIC CENTER;
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0013|     EXTENDING EXPENDITURE PERIOD; 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--STATE HIGHWAY AND
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0017|     TRANSPORTATION DEPARTMENT--CHANGE IN PURPOSE--EXTENDING
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0018|     EXPENDITURE PERIOD.--The appropriation of severance tax bond
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0019|     proceeds in Subsection L of Section 14 of Chapter 148 of Laws
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0020|     1994 to the state highway and transportation department to
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0021|     plan, design, construct and equip a pedestrian overpass on
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0022|     Coors boulevard between Ouray and Tucson roads in Albuquerque
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0023|     located in Bernalillo county shall not be expended for that
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0024|     purpose, but is reauthorized and appropriated for the purpose
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0025|     of making site improvements at the westside aquatic center in
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0001|     Albuquerque located in Bernalillo county.  The reauthorized
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0002|     project does not require equal matching funds from the city of
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0003|     Albuquerque.  Any unencumbered or unexpended balance remaining
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0004|     from the proceeds of the bonds at the end of fiscal year 2001
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0005|     shall revert to the severance tax bonding fund.
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0006|          Section 2.  EMERGENCY.--It is necessary for public peace,
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0007|     health and safety that this act take effect immediately.
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0008|                              
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