HOUSE BILL 197

47th legislature - STATE OF NEW MEXICO - second session, 2006

INTRODUCED BY

Edward C. Sandoval

AN ACT

RELATING TO DEPARTMENT OF HEALTH FACILITIES; CLARIFYING THE PURPOSE FOR WHICH CERTAIN REVENUE BONDS MAY BE ISSUED; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. Laws 2005, Chapter 320, Section 8 is amended to read:

     "Section 8. AUTHORIZATION FOR REVENUE BONDS--DEPARTMENT OF HEALTH FACILITIES.--Pursuant to Laws 2003, Chapter 341, Section 4, as amended by [Section 7 of this 2005 act] Laws 2005, Chapter 320, Section 7, the New Mexico finance authority may issue and sell revenue bonds in compliance with the provisions of that section and the provisions of the New Mexico Finance Authority Act in an amount not exceeding thirty-nine million dollars ($39,000,000) plus an amount equal to the costs of issuing the revenue bonds for the following purposes in the following amounts:

          A. ten million three hundred thousand dollars ($10,300,000) for [improvements] capital outlay projects at the southern New Mexico rehabilitation center;

          B. eleven million dollars ($11,000,000) for [improvements] capital outlay projects at the New Mexico behavioral health institute at Las Vegas [medical center];

          C. four million dollars ($4,000,000) for [improvements] capital outlay projects at Fort Bayard medical center; and

          D. thirteen million seven hundred thousand dollars ($13,700,000) for use by the property control division of the general services department for land acquisition and the planning, designing, construction and equipping of a state laboratory facility in Bernalillo county for use by the department of health."

     Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

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