SENATE BILL 27

50th legislature - STATE OF NEW MEXICO - first session, 2011

INTRODUCED BY

Mary Kay Papen

ENDORSED BY

THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

AN ACT

RELATING TO HORSE RACING; EXTENDING THE DAILY CAPITAL OUTLAY TAX THROUGH 2014.

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

     SECTION 1. Section 60-1A-29 NMSA 1978 (being Laws 2007, Chapter 39, Section 29) is amended to read:

     "60-1A-29. TERMINATION OF AGENCY LIFE--DELAYED REPEAL.--The state racing commission is terminated on July 1, 2011 pursuant to the Sunset Act. The commission shall continue to operate according to the provisions of Chapter 60, Article 1A NMSA 1978 until July 1, 2012. Effective July 1, 2012, [Chapter 60, Article 1A] Sections 60-1A-1 through 60-1A-19 and 60-1A-21 through 60-1A-30 NMSA 1978 [is] are repealed. Effective December 31, 2014, Section 60-1A-20 NMSA 1978 is repealed."

.183536.1SA