AN ACT
RELATING TO
FINANCE; REVOKING LEGISLATIVE AUTHORIZATION TO THE NEW MEXICO FINANCE AUTHORITY
TO MAKE LOANS FROM THE PUBLIC PROJECT REVOLVING FUND FOR CERTAIN PUBLIC
PROJECTS; DECLARING AN EMERGENCY.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. PUBLIC PROJECT
REVOLVING FUND--REVOCATION OF LEGISLATIVE AUTHORIZATION.--The legislative
authorization granted to the New Mexico finance authority, pursuant to the
provisions of Section 6-21-6 NMSA 1978, to make loans from the public project
revolving fund is revoked with respect to the following qualified entities for
the specified public projects:
1. Antelope Valley irrigation
district for an irrigation project as specified in Subsection H of Section 1 of
Chapter 187 of Laws 1995;
2. high plains regional solid
waste authority for a regional solid waste disposal project as specified in
Subsection A of Section 1 of Chapter 187 of Laws 1995;
3. village of Magdalena for a
solid waste project as specified in Subsection K of Section 1 of Chapter 187 of
Laws 1995;
4. north central solid waste
authority for a regional solid waste disposal project as specified in
Subsection R of Section 1 of Chapter 187 of Laws 1995;
5. Agua Sana water association
for a water project as specified in Subsection V of Section 1 of Chapter 8 of
Laws 1996 (1st S.S.);
6. village of Cloudcroft for a
water project and a wastewater project as specified in Subsection I of Section
1 of Chapter 8 of Laws 1996 (1st S.S.);
7. Navajo Nation for a water
treatment plant and the related infrastructure for a potato processing plant at
the Navajo agricultural products industry location on the Navajo Nation as
specified in Subsection AA of Section 1 of Chapter 8 of Laws 1996 (1st S.S.);
8. Ruidoso regional joint use
board for a wastewater project as specified in Subsection H of Section 1 of
Chapter 8 of Laws 1996 (1st S.S.);
9. Jicarilla Apache tribe for a
building project as specified in Subsection N of Section 1 of Chapter 166 of
Laws 1997;
10. village of Magdalena for the
renovation of the bureau of Indian affairs dormitory as specified in Subsection
DD of Section 1 of Chapter 166 of Laws 1997;
11. city of Moriarty for a water
system acquisition, water rights acquisition and a municipal water system
improvement project as specified in Subsection Y of Section 1 of Chapter 166 of
Laws 1997;
12. Navajo Nation for the
development of a potato processing plant and for necessary infrastructure for
that plant as specified in Subsection EE of Section 1 of Chapter 166 of Laws
1997;
13. Rio Chama gas users
association for a natural gas system as specified in Subsection CC of Section 1
of Chapter 166 of Laws 1997;
14. town of Springer for an
electric distribution system project as specified in Subsection J of Section 1
of Chapter 166 of Laws 1997;
15. New Mexico second judicial
district metropolitan court for a land acquisition and courthouse project as
specified in Subsection S of Section 1 of Chapter 166 of Laws 1997;
16. Tunnel Springs water
association for a water system project as specified in Subsection T of Section
1 of Chapter 166 of Laws 1997;
17. city of Carlsbad for a water
project and the acquisition of solid waste vehicles and related equipment as
specified in Subsection I of Section 1 of Chapter 72 of Laws 1998;
18. village of Cimarron for the
acquisition of a pumper truck and related fire equipment and the refinancing of
a backhoe as specified in Subsection N of Section 1 of Chapter 72 of Laws 1998;
19. general services department
for the acquisition of a research airplane and related research equipment as
specified in Subsection BB of Section 1 of Chapter 72 of Laws 1998;
20. Hidalgo county for a
regional solid waste project and the acquisition of solid waste equipment as
specified in Subsection HH of Section 1 of Chapter 72 of Laws 1998;
21. city of Las Vegas for a
water project as specified in Subsection NN of Section 1 of Chapter 72 of Laws
1998;
22. town of Silver City for a
water project as specified in Subsection HHH of Section 1 of Chapter 72 of Laws
1998;
23. city of Socorro for a water
project as specified in Subsection III of Section 1 of Chapter 72 of Laws 1998;
24. Taos county for an administrative building
project as specified in Subsection LLL of Section 1 of Chapter 72 of Laws 1998;
and
25. Elephant Butte for a water
project as specified in Subsection A of Section 1 of Chapter 12 of Laws 2000
(2nd S.S.).
Section
2. EMERGENCY.--It is necessary for the
public peace, health and safety that this act take effect immediately.
HB 125
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