46th legislature - STATE OF NEW MEXICO - first session, 2003
RELATING TO FINANCE; PROVIDING FOR A DISTRIBUTION OF GOVERNMENTAL GROSS RECEIPTS TAX REVENUE TO THE OFFICE OF CULTURAL AFFAIRS; ALLOWING THE OFFICE OF CULTURAL AFFAIRS TO ENTER INTO LOAN AGREEMENTS WITH THE NEW MEXICO FINANCE AUTHORITY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. Section 7-1-6.38 NMSA 1978 (being Laws 1994, Chapter 145, Section 1, as amended) is amended to read:
"7-1-6.38. DISTRIBUTION--GOVERNMENTAL GROSS RECEIPTS TAX.--
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the public project revolving fund administered by the New Mexico finance authority in an amount equal to seventy-five percent of the net receipts attributable to the governmental gross receipts tax.
B. A distribution pursuant to Section 7-1-6.1 NMSA
1978 shall be made to the energy, minerals and natural
resources department in an amount equal to [twenty-five]
twenty-two and one-half percent of the net receipts
attributable to the governmental gross receipts tax. [Forty]
Forty-four and one-half percent of the distribution is
appropriated to the energy, minerals and natural resources
department to implement the provisions of the New Mexico Youth
Conservation Corps Act and [sixty] fifty-five and one-half
percent of the distribution is appropriated to the energy,
minerals and natural resources department for state park and
recreation area capital improvements, including the costs of
planning, engineering, design, construction, renovation,
repair, equipment and furnishings.
C. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the office of cultural affairs in an amount equal to two and one-half percent of the net receipts attributable to the governmental gross receipts tax for capital improvements at state museums administered by the office of cultural affairs.
[C.] D. The state pledges to and agrees with the
holders of any bonds or notes issued by the New Mexico finance
authority or by the energy, minerals and natural resources
department and payable from the net receipts attributable to
the governmental gross receipts tax distributed to the New
Mexico finance authority or the energy, minerals and natural
resources department pursuant to this section that the state
will not limit, reduce or alter the distribution of the net
receipts attributable to the governmental gross receipts tax to
the New Mexico finance authority or the energy, minerals and
natural resources department or limit, reduce or alter the rate
of imposition of the governmental gross receipts tax until the
bonds or notes together with the interest thereon are fully met
and discharged unless the bond holders and the party issuing
the bonds agree to the limitation, reduction or alteration in
the distribution or rate of imposition. The New Mexico finance
authority and the energy, minerals and natural resources
department are authorized to include this pledge and agreement
of the state in any agreement with the holders of the bonds or
notes."
Section 2. Section 9-6-11 NMSA 1978 (being Laws 1980, Chapter 151, Section 56) is amended to read:
"9-6-11. STATE CULTURAL AFFAIRS OFFICER--DUTIES--POWERS.--
A. The state cultural affairs officer is responsible to the secretary of finance and administration for the operation of the office of cultural affairs. It is his duty to manage all operations of the office and to administer and enforce the laws with which he or the office is charged.
B. To perform his duties, the state cultural
affairs officer has every power expressly enumerated in the
laws, whether granted to him or to the office of cultural
affairs or to any division of the office, except where
authority conferred upon any division [therein] is explicitly
exempted from the state cultural affairs officer's authority by
statute.
C. Subject to other provisions of law, the state cultural affairs officer shall appoint with the secretary's consent a "director" for each division established within the office of cultural affairs. These appointed positions are exempt from the provisions of the Personnel Act.
D. The state cultural affairs officer may apply for and receive, with the secretary's approval, in the name of the office any public or private funds, including but not limited to United States government funds, available to the office to carry out its programs, duties or services.
E. Pursuant to the provisions of Section 6-21-6 NMSA 1978, the legislature authorizes the New Mexico finance authority to make loans from the public project revolving fund to the office of cultural affairs to design, remodel, renovate, rehabilitate or improve state museums administered by the office of cultural affairs on terms and conditions established by the authority. The state cultural affairs officer shall pledge the governmental gross receipts tax revenues distributed to the office pursuant to Section 7-1-6.38 NMSA 1978 in an amount satisfactory to the authority and in an amount at least sufficient to make the loan payments. The legislature shall not repeal or otherwise modify any law that adversely affects or impairs any loan from the New Mexico finance authority secured by a pledge of governmental gross receipts revenues, unless the loan has been paid in full or provisions have been made for full payment. Any governmental gross receipts tax revenue remaining after the payment of debt service may be used by the office of cultural affairs for museum capital improvement projects.
[E.] F. The state cultural affairs officer may make
and adopt such reasonable and procedural rules and regulations
as may be necessary to carry out the duties of the office and
its divisions. No rule or regulation promulgated by the
director of any division in carrying out the functions and
duties of the division shall be effective until approved by the
state cultural affairs officer unless otherwise provided by
statute. Unless otherwise provided by statute, no regulation
affecting any person or agency outside the office shall be
adopted, amended or repealed without a public hearing on the
proposed action before the state cultural affairs officer or a
hearing officer designated by him. The public hearing shall be
held in Santa Fe unless otherwise permitted by statute. Notice
of the subject matter of the regulation, the action proposed to
be taken, the time and place of the hearing, the manner in
which interested persons may present their views and the method
by which copies of the proposed regulation, proposed amendment
or repeal of an existing regulation may be obtained shall be
published once at least thirty days prior to the hearing date
in a newspaper of general circulation and mailed at least
thirty days prior to the hearing date to all persons who have
made a written request for advance notice of hearing. All
rules and regulations shall be filed in accordance with the
State Rules Act."
Section 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2003.