HOUSE BILL 13

49th legislature - STATE OF NEW MEXICO - second session, 2010

INTRODUCED BY

Karen E. Giannini

AN ACT

RELATING TO PUBLIC SCHOOL CAPITAL OUTLAY EXPENDITURES; EXPANDING ALLOWABLE ADMINISTRATIVE COSTS THAT QUALIFY AS CAPITAL IMPROVEMENTS EXPENDITURES PURSUANT TO THE PUBLIC SCHOOL BUILDINGS ACT; INCREASING THE ALLOWABLE ADMINISTRATIVE COSTS.

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

     Section 1. Section 22-26-2 NMSA 1978 (being Laws 1983, Chapter 163, Section 2, as amended) is amended to read:

     "22-26-2. DEFINITION.--As used in the Public School Buildings Act, "capital improvements" means expenditures, including payments made with respect to lease-purchase arrangements as defined in the Education Technology Equipment Act but excluding any other debt service expenses, for:

          A. erecting, remodeling, making additions to, providing equipment for or furnishing public school buildings;

          [B. payments made pursuant to a financing agreement entered into by a school district or a charter school for the leasing of a building or other real property with an option to purchase for a price that is reduced according to payments made;

          C.] B. purchasing or improving public school grounds;

          [D.] C. purchasing activity vehicles for transporting students to and from extracurricular school activities; provided that this authorization for expenditure does not apply to school districts with a student MEM greater than sixty thousand; or

          [E.] D. administering the projects undertaken pursuant to Subsections A and [C] B of this section, including expenditures for facility maintenance software, project management software, project oversight, [and] district personnel and other activities necessary or appropriate to the management, oversight or direction of projects on behalf of the school district specifically related to administration of projects funded in whole or in part by the Public School Buildings Act; provided that expenditures pursuant to this subsection shall not exceed [five] ten percent of the total project costs."

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