SENATE CAPITAL OUTLAY REQUEST 1042

STATE OF NEW MEXICO

45TH LEGISLATURE - FIRST SESSION - 2001

REQUESTED BY

FOR A REAUTHORIZATION TO EXPAND THE PURPOSE AND EXTEND THE EXPENDITURE PERIOD OF SEVERANCE TAX BOND APPROPRIATIONS TO ACQUIRE LAND FOR, PLAN, DESIGN AND CONSTRUCT A PUBLIC WORKS DEPARTMENT SUBSTATION IN PENASCO IN TAOS COUNTY.

The proceeds from the sale of severance tax bonds appropriated to the local government division of the department of finance and administration pursuant to Subsection GGGGG of Section 11 of Chapter 118 of Laws 1998 to plan, design, construct and equip a public works department substation in Penasco in Taos county shall not be expended for the original purpose but are reauthorized and appropriated to acquire land for, plan, design and construct a public works department substation in Penasco in Taos county. The period of time in which the appropriation may be expended is extended through fiscal year 2006.

The proceeds from the sale of severance tax bonds appropriated to the local government division of the department of finance and administration pursuant to Subsection HHHHHH of Section 11 of Chapter 118 of Laws 1998 to acquire land for a substation in Penasco in Taos county shall not be expended for the original purpose but are reauthorized and appropriated to acquire land for, plan, design and construct a public works department substation in Penasco in Taos county. The period of time in which the appropriation may be expended is extended through fiscal year 2006.

.01SCISN077