SFC/SB 333
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AN ACT
AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL
OBLIGATION BONDS TO MAKE CAPITAL EXPENDITURES FOR SENIOR
CITIZEN FACILITY IMPROVEMENTS AND ACQUISITIONS, FOR LIBRARY
ACQUISITIONS, FOR HEALTH FACILITIES AND FOR CAPITAL
IMPROVEMENTS AND ACQUISITIONS AT INSTITUTIONS OF HIGHER
EDUCATION AND STATE SPECIAL SCHOOLS; PROVIDING FOR A TAX LEVY
FOR PAYMENT OF PRINCIPAL OF, INTEREST ON AND CERTAIN COSTS
RELATED TO THE BONDS; REQUIRING APPROVAL OF THE REGISTERED
VOTERS AT THE 2008 GENERAL ELECTION OF THE STATE; DECLARING
AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. SHORT TITLE.--This act may be cited as the
"2008 Capital Projects General Obligation Bond Act".
Section 2. PURPOSE.--For the purpose of providing funds
for capital expenditures as authorized in the 2008 Capital
Projects General Obligation Bond Act, general obligation
indebtedness of the state is authorized for the purposes and
in the amounts set forth in Section 10 of that act.
Section 3. BOND TERMS.--
A. The state board of finance, except as limited
by the 2008 Capital Projects General Obligation Bond Act,
shall determine the terms, covenants and conditions of bonds
issued pursuant to that act, including but not limited to: