FORTY-SEVENTH LEGISLATURE

SECOND SESSION, 2006

February 1, 2006

Mr. Speaker:

    Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

HOUSE BILL 602

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

     1. On page 1, line 17, after the semicolon insert "SETTING EXPENDITURE LIMITS;".

     2. On page 12, line 7, before the period insert "; provided that the funding match provisions of Paragraph (3) of Subsection C of Section 67-3-28.2 NMSA 1978 shall not apply to the use of the proceeds of school bus routes bonds. The department shall promulgate a rule regarding use of the proceeds of school bus routes bonds, including provisions for determining the efficient use of all sources of funding available for the design, construction, maintenance and repair of and improvements to school bus routes and public school parking lots.".

     3. On page 12, strike lines 8 and 9 and insert in lieu thereof:

     "Section 11. A new section of Chapter 67, Article 3 NMSA 1978 is enacted to read:

     "[NEW MATERIAL] SCHOOL BUS ROUTES BONDS--ISSUANCE--PROCEDURES.--".

     4. On page 12, line 13, after "routes" insert ", other than funding match requirements,".

     5. On page 12, line 17, before "bonds" insert "school bus routes".

     6. On page 13, line 2, after the period insert "Proceeds of the bonds shall be expended for projects qualified pursuant to Subsection A of this section within each school district in the state in an amount not to exceed the total aggregate described in Subsection J of this section.".

    7. On page 15, between lines 5 and 6, insert the following new subsection:

         "J. Proceeds of the bonds shall be expended for projects qualified pursuant to Subsection A of this section within each school district in the state in an amount not to exceed the following total aggregate amount:

School District and Identifying Code         Projects Expenditure Limit

(1) Alamogordo 46                           $2,366,000

(2) Albuquerque 01                          $34,606,000

(3) Animas 30                               $854,000

(4) Artesia 22                              $2,244,000

(5) Aztec 64                                $2,326,000

(6) Belen 87                                $3,420,000

(7) Bernalillo 61                           $2,474,000

(8) Bloomfield 66                           $2,418,000

(9) Capitan 40                              $586,000

(10) Carlsbad 20                            $2,874,000

(11) Carrizozo 37                           $458,000

(12) Central 67                             $5,640,000

(13) Chama 53                               $560,000

(14) Cimarron 08                            $850,000

(15) Clayton 84                             $1,608,000

(16) Cloudcroft 48                          $644,000

(17) Clovis 12                              $2,400,000

(18) Cobre Consolidated 24                  $1,182,000

(19) Corona 38                              $662,000

(20) Cuba 62                                $1,616,000

(21) Deming 42                              $2,812,000

(22) Des Moines 85                          $482,000

(23) Dexter 06                              $712,000

(24) Dora 60                                $658,000

(25) Dulce 54                               $125,000

(26) Elida 58                               $568,000

(27) Espanola 55                            $4,372,000

(28) Estancia 80                            $872,000

(29) Eunice 32                              $250,000

(30) Farmington 65                          $4,978,000

(31) Floyd 59                               $230,000

(32) Fort Sumner 16                         $1,312,000

(33) Gadsen 19                              $10,404,000

(34) Gallup 43                              $20,068,000

(35) Grady 15                               $484,000

(36) Grants 88                              $2,098,000

(37) Hagerman 05                            $260,000

(38) Hatch 18                               $730,000

(39) Hobbs 33                               $3,302,000

(40) Hondo 39                               $336,000

(41) House 50                               $332,000

(42) Jal 34                                 $476,000

(43) Jemez Mountain 56                      $1,328,000

(44) Jemez Valley 63                        $546,000

(45) Lake Arthur 07                         $131,000

(46) Las Cruces 17                          $12,504,000

(47) Las Vegas East 69                      $1,308,000

(48) Las Vegas West 68                      $1,754,000

(49) Logan 51                               $608,000

(50) Lordsburg 29                           $410,000

(51) Los Alamos 41                          $924,000

(52) Los Lunas 86                           $7,066,000

(53) Loving 21                              $164,000

(54) Lovington 31                           $1,378,000

(55) Magdalena 75                           $548,000

(56) Maxwell 11                             $73,000

(57) Melrose 14                             $526,000

(58) Mesa Vista 78                          $1,286,000

(59) Mora 44                                $658,000

(60) Moriarty 81                            $5,856,000

(61) Mosquero 28                            $386,000

(62) Mountainair 82                         $382,000

(63) Pecos 70                               $760,000

(64) Penasco 77                             $458,000

(65) Pojoaque 72                            $1,864,000

(66) Portales 57                            $1,060,000

(67) Quemado 03                             $632,000

(68) Questa 79                              $444,000

(69) Raton 09                               $842,000

(70) Reserve 02                             $416,000

(71) Rio Rancho 83                          $5,792,000

(72) Roswell 04                             $3,018,000

(73) Roy 27                                 $470,000

(74) Ruidoso 36                             $1,502,000

(75) San Jon 52                             $438,000

(76) Santa Fe 71                            $7,118,000

(77) Santa Rosa 25                          $1,072,000

(78) Silver City 23                         $1,500,000

(79) Socorro 74                             $1,054,000

(80) Springer 10                            $316,000

(81) Taos 76                                $2,100,000

(82) Tatum 35                               $826,000

(83) Texico 13                              $464,000

(84) Truth or Consequences 73               $1,586,000

(85) Tucumcari 49                           $852,000

(86) Tularosa 47                            $804,000

(87) Vaughn 26                              $151,000

(88) Wagon Mound 45                         $312,000

(89) Zuni 89                                $664,000."".,

and thence referred to the APPROPRIATIONS AND FINANCE COMMITTEE.