AN ACT
RELATING TO PUBLIC PROPERTY; AMENDING
LAWS 2001, CHAPTER 166, SECTION 1 TO AUTHORIZE THE ACQUISITION OF CERTAIN
PROPERTY PURSUANT TO THE STATE OFFICE BUILDING ACQUISITION BONDING ACT.
BE IT ENACTED BY THE LEGISLATURE OF
THE STATE OF NEW MEXICO:
Section 1. Laws 2001, Chapter 166, Section 1 is amended
to read:
"Section 1. AUTHORIZATION TO ACQUIRE
PROPERTY--APPROPRIATION.--
A.
In order to acquire the following properties for use as state agency
offices in Santa Fe county, the property control division of the general
services department may:
(1)
purchase and renovate, equip and furnish the national education
association building on South Capitol street;
(2)
plan, design, construct, equip and furnish a new office building with
integrated parking at the west capitol complex on Cerrillos road, pursuant to
the design funded by Subsection I of Section 14 of Chapter 118 of Laws 1998, at
a price not to exceed twenty-five million dollars ($25,000,000);
(3)
purchase and renovate, equip and furnish the public employees retirement
association building on Paseo de Peralta; and
(4)
purchase land, within or, notwithstanding any bisecting right of way,
adjacent to the public safety campus as set out in the capitol buildings master
plan developed by the capitol buildings planning commission.
B.
The acquisitions of property pursuant to Subsection A of this section
shall be made in the priority order listed in that subsection. Purchases authorized in Paragraphs (1), (2)
and (4) of Subsection A of this section shall be made at a price not to exceed
the value of the property established by the taxation and revenue department
using generally accepted appraisal techniques for the type of property
purchased. The purchase authorized in
Paragraph (3) of Subsection A of this section shall be made at a price
negotiated with the retirement board of the public employees retirement
association that is not less than the fair market value of the property and
building.
C.
If state office building tax revenue bonds issued pursuant to Section 2
of this act are outstanding, then, as amounts become available in the property
control reserve fund, as much of the property control reserve fund as is
necessary to pay the debt service and other payments on the bonds plus any
amount needed for any required reserves shall be transferred from the property control
reserve fund to the state office building bonding fund.
D.
If state office building tax revenue bonds have not been issued pursuant
to Section 2 of this act or if the bonds have been issued but are no longer
outstanding, then, as amounts become available in the property control reserve
fund, as much of the property control reserve fund as is necessary to comply
with the provisions of Subsection A of this section is appropriated to the
property control division of the general services department for expenditure in
fiscal year 2001 and subsequent fiscal years."
HB 981
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