SENATE FINANCE COMMITTEE SUBSTITUTE FOR

SENATE BILL 66

50th legislature - STATE OF NEW MEXICO - second session, 2012

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 AND CONSTRUCTION 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 2012 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 "2012 Capital Projects General Obligation Bond Act".

     SECTION 2. PURPOSE.--For the purpose of providing funds for capital expenditures as authorized in the 2012 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 2012 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:

                (1) date or dates of issue, denominations and maturities;

                (2) principal amounts;

                (3) rate or rates of interest; and

                (4) provisions for redemption, including premiums, registration and refundability, whether the bonds are issued in one or more series and other covenants relating to the bonds and the issuance thereof.

          B. The bonds shall be in such form as the state board of finance determines with an appropriate series designation and shall bear interest payable as set forth in the resolution of the state board of finance.

          C. Payment of the principal of the bonds shall begin not more than two years after the date of their issuance, and the bonds shall mature not later than ten years after the date of their issuance. Both principal and interest shall be payable in lawful money of the United States at the office of the paying agent within or without the state as the state board of finance may direct.

          D. The bonds shall be executed with the manual or facsimile signature of the governor or the state treasurer, and the seal or a facsimile of the seal of the state shall be placed on each bond, except for any series of bonds issued in book entry or similar form without the delivery of physical securities.

          E. The bonds shall be issued in accordance with the provisions of the 2012 Capital Projects General Obligation Bond Act, the Supplemental Public Securities Act and the Uniform Facsimile Signature of Public Officials Act and may be issued in accordance with the Public Securities Short-Term Interest Rate Act.

          F. The full faith and credit of the state is pledged for the prompt payment when due of the principal of and interest on all bonds issued and sold pursuant to the 2012 Capital Projects General Obligation Bond Act.

     SECTION 4. EXPENDITURES.--The proceeds from the sale of the bonds shall be expended solely for providing money to be distributed for the purposes and in amounts not to exceed the amounts set forth in Section 10 of the 2012 Capital Projects General Obligation Bond Act and to pay expenses incurred under Section 6 of that act. Any proceeds from the sale of the bonds that are not required for the purposes set forth in Sections 6 and 10 of that act shall be used for the purpose of paying the principal of and interest on the bonds.

     SECTION 5. SALE.--The bonds authorized under the 2012 Capital Projects General Obligation Bond Act shall be sold by the state board of finance at such time and in such manner and amounts as the board may elect. The bonds may be sold at private sale or at public sale, in either case at not less than par plus accrued interest to the date of delivery. If sold at public sale, the state board of finance shall publish a notice of the time and place of sale in a newspaper of general circulation in the state and may also publish the notice in a recognized financial journal outside the state. The required publications shall be made once each week for two consecutive weeks prior to the date fixed for the sale, the last publication thereof to be at least five days prior to the date of the sale. The notice shall specify the amount, denomination, maturity and description of the bonds to be offered for sale and the place, date and hour at which the sealed bids shall be received. At the time and place specified in the notice, the state board of finance shall open the bids in public and shall award the bonds to the bidder or bidders offering the best price for the bonds. The state board of finance may reject any or all bids and readvertise and may waive any irregularity in a bid. All bids, except that of the state, shall be accompanied by a deposit of two percent of the principal amount of the bonds in a form acceptable to the state board of finance. The deposit of an unsuccessful bidder shall be returned upon rejection of the bid. The state board of finance may also sell the bonds or any part of the bonds to the state treasurer or state investment officer. The state treasurer or state investment officer is authorized to purchase any of the bonds for investment. The bonds are legal investments for any person or board charged with the investment of any public funds and may be accepted as security for any deposit of public money.

     SECTION 6. EXPENSES.--The expenses incurred by the state board of finance in or relating to the preparation and sale of the bonds shall be paid out of the proceeds from the sale of the bonds, and all rebate, penalty, interest and other obligations of the state relating to the bonds and bond proceeds under the Internal Revenue Code of 1986, as amended, shall be paid from earnings on bond proceeds or other money of the state, legally available for such payments.

     SECTION 7. TAX LEVY.--To provide for the payment of the principal of and interest on the bonds issued and sold pursuant to the provisions of the 2012 Capital Projects General Obligation Bond Act, there shall be and there is hereby imposed and levied during each year in which any of the bonds are outstanding an ad valorem tax on all property in the state subject to property taxation for state purposes sufficient to pay the interest as it becomes due on the bonds, together with an amount sufficient to provide a sinking fund to pay the principal of the bonds as it becomes due, and, if permitted by law, ad valorem taxes may be collected to pay administrative costs incident to the collection of such taxes. The taxes shall be imposed, levied, assessed and collected at the times and in the manner that other property taxes for state purposes are imposed, levied, assessed and collected. It is the duty of all tax officials and authorities to cause these taxes to be imposed, levied, assessed and collected.

     SECTION 8. TREASURER--DUTIES.--The state treasurer shall keep separate accounts of all money collected pursuant to the taxes imposed and levied pursuant to the provisions of the 2012 Capital Projects General Obligation Bond Act and shall use this money only for the purposes of paying the principal of and interest on the bonds as they become due and any expenses relating thereto.

     SECTION 9. IRREPEALABLE CONTRACT--AUTHORITY FOR ISSUANCE.--An owner of bonds issued pursuant to the provisions of the 2012 Capital Projects General Obligation Bond Act may, either at law or in equity, by suit, action or mandamus, enforce and compel the performance of the duties required by that act of any officer or entity mentioned in that act. The provisions of that act constitute an irrepealable contract with the owners of any of the bonds issued pursuant to that act for the faithful performance of which the full faith and credit of the state is pledged. Without reference to any other act of the legislature, the 2012 Capital Projects General Obligation Bond Act is full authority for the issuance and sale of the bonds authorized in that act, and such bonds shall have all the qualities of investment securities under the Uniform Commercial Code, shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale of the bonds and shall be incontestable in the hands of bona fide purchasers or holders thereof for value. All bonds issued under the provisions of that act, and the interest thereon, are exempt from taxation by the state and any subdivision or public body thereof.

     SECTION 10. PROJECTS.--The proceeds from the sale of bonds issued under the provisions of the 2012 Capital Projects General Obligation Bond Act shall be distributed as follows for the purposes and in the amounts specified:

          A. for senior citizen facility improvement, construction and equipment acquisition projects, to the aging and long-term services department:

                (1) fifty thousand dollars ($50,000) to purchase and install equipment for the central kitchens of the senior centers in Albuquerque in Bernalillo county;

                (2) thirty thousand dollars ($30,000) to plan, design, renovate and equip the central kitchen for senior centers in Albuquerque in Bernalillo county;

                (3) one hundred thousand dollars ($100,000) to purchase and install equipment citywide in the senior centers in Albuquerque in Bernalillo county;

                (4) one hundred one thousand seven hundred twenty dollars ($101,720) to purchase and install meals equipment for senior centers citywide in Albuquerque in Bernalillo county;

                (5) five hundred nineteen thousand dollars ($519,000) to purchase and equip vehicles for the Albuquerque department of senior affairs senior centers in Bernalillo county;

                (6) one hundred fifty thousand dollars ($150,000) to make improvements for building code compliance, including purchase and installation of equipment, to the home service program office in the Albuquerque department of senior affairs in Albuquerque in Bernalillo county;

                (7) five hundred thousand dollars ($500,000) to make improvements for building code compliance, including purchase and installation of equipment, to Los Volcanes senior center in Albuquerque in Bernalillo county;

                (8) two hundred fifty thousand dollars ($250,000) to plan, design, renovate and equip the Highland senior center in Bernalillo county;

                (9) six thousand five hundred dollars ($6,500) to purchase and install equipment in the Pueblo of Isleta senior center in Bernalillo county;

                (10) fifty thousand three hundred forty dollars ($50,340) to purchase and install equipment in the Paradise Hills senior center in Bernalillo county;

                (11) seventeen thousand three hundred fifty dollars ($17,350) to purchase and install meals equipment for the Paradise Hills senior center in Bernalillo county;

                (12) forty-eight thousand dollars ($48,000) to purchase and equip vehicles for the Paradise Hills senior center in Bernalillo county;

                (13) eighty-five thousand dollars ($85,000) to make improvements for building code compliance, including purchase and installation of equipment and parking lot improvements, to the Paradise Hills senior center in Bernalillo county;

                (14) forty-eight thousand dollars ($48,000) to purchase and equip vehicles for the Tijeras senior center in Bernalillo county;

                (15) ninety-one thousand two hundred dollars ($91,200) to purchase and install equipment for the senior olympics program in Chaves county;

                (16) twenty-six thousand five hundred dollars ($26,500) to purchase and equip vehicles for the senior olympics program in Chaves county;

                (17) one hundred fifty thousand dollars ($150,000) to plan, design, renovate and equip the Hagerman senior center in Chaves county;

                (18) eighty-four thousand dollars ($84,000) to purchase and equip vehicles for senior centers countywide in Colfax county;

                (19) fifteen thousand dollars ($15,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Raton senior center in Colfax county;

                (20) eight thousand dollars ($8,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Baxter-Curren senior center in Clovis in Curry county;

                (21) three thousand eight hundred dollars ($3,800) to purchase and install equipment in the Clovis senior center in Curry county;

                (22) three thousand three hundred thirty dollars ($3,330) to purchase and install meals equipment at the Grady senior center in Curry county;

                (23) twenty-five thousand dollars ($25,000) to purchase and equip vehicles for the senior center in Fort Sumner in De Baca county;

                (24) twenty-three thousand nine hundred fifty dollars ($23,950) to purchase and install meals equipment at the Fort Sumner senior center in De Baca county;

                (25) fifteen thousand two hundred ninety-five dollars ($15,295) to purchase and install meals equipment for the senior centers countywide in Dona Ana county;

                (26) sixty-two thousand five hundred dollars ($62,500) to make improvements for building code compliance, including purchase and installation of equipment and a fire suppression system, to the Dona Ana community and Placitas senior centers in Dona Ana county;

                (27) two hundred fifty thousand dollars ($250,000) to make improvements for building code compliance, including purchase and installation of equipment, wiring, ventilation and plumbing, to the Munson senior center in Dona Ana county;

                (28) three thousand six hundred eighty dollars ($3,680) to purchase and install meals equipment in the Radium Springs senior center in Dona Ana county;

                (29) forty-eight thousand dollars ($48,000) to purchase and equip vehicles for the Artesia senior center in Eddy county;

                (30) eighty-three thousand dollars ($83,000) to purchase and equip vehicles for the southeast New Mexico community action corporation meal site in Artesia in Eddy county;

                (31) thirty-eight thousand dollars ($38,000) to purchase and install meals equipment in the senior centers countywide in Grant county;

                (32) twenty-five thousand dollars ($25,000) to make improvements for building code compliance, including purchase and installation of equipment, to the La Loma senior center in Guadalupe county;

                (33) thirty-six thousand dollars ($36,000) to purchase and install meals equipment for the senior centers countywide in Guadalupe county;

                (34) eighteen thousand nine hundred seventy-five dollars ($18,975) to purchase and install meals equipment for the La Loma senior center in Guadalupe county;

                (35) forty-five thousand dollars ($45,000) to purchase and equip vehicles for the La Loma senior center in Guadalupe county;

                (36) thirteen thousand seven hundred fifteen dollars ($13,715) to plan, design, renovate and equip the Santa Rosa senior center in Guadalupe county;

                (37) forty-one thousand four hundred seventy dollars ($41,470) to purchase and install meals equipment for the Santa Rosa senior center in Guadalupe county;

                (38) six thousand six hundred dollars ($6,600) to purchase and install meals equipment for the senior center in Hidalgo county;

                (39) one hundred twenty thousand dollars ($120,000) to plan, design, renovate and equip the Eunice senior center in Lea county;

                (40) thirty-nine thousand five hundred eighty-five dollars ($39,585) to purchase and install meals equipment for the Deming senior center in Luna county;

                (41) three hundred thousand dollars ($300,000) to make improvements for building code compliance, including purchase and installation of equipment, to the senior center in the Baahaali chapter of the Navajo Nation in McKinley county;

                (42) twenty-seven thousand dollars ($27,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Baca senior center in the Baca chapter of the Navajo Nation in McKinley county;

                (43) one hundred eighty-nine thousand one hundred dollars ($189,100) to make improvements for building code compliance, including purchase and installation of equipment and parking lot improvements, to the Ford Canyon senior center in Gallup in McKinley county;

                (44) four thousand eight hundred fifty dollars ($4,850) to purchase and install meals equipment for the county neighborhood facility in McKinley county;

                (45) fifteen thousand dollars ($15,000) to plan, design, renovate and equip the senior center in the Pinedale chapter of the Navajo Nation in McKinley county;

                (46) fourteen thousand dollars ($14,000) to make improvements for building code compliance, including purchase and installation of equipment, to the senior center in the Pinedale chapter of the Navajo Nation in McKinley county;

                (47) one hundred seventy thousand dollars ($170,000) to plan, design, renovate and equip the senior center in the Tohatchi chapter of the Navajo Nation in McKinley county;

                (48) six thousand dollars ($6,000) to purchase and install equipment in the Pueblo of Zuni senior center in McKinley county;

                (49) five thousand dollars ($5,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Pueblo of Zuni senior center in McKinley county;

                (50) three hundred thousand dollars ($300,000) to purchase and equip vehicles for Navajo Nation senior centers nationwide in Bernalillo, McKinley, San Juan and Socorro counties;

                (51) two hundred fifty thousand dollars ($250,000) to purchase and install equipment for the Navajo Nation senior centers nationwide in Bernalillo, McKinley, San Juan and Socorro counties;

                (52) two hundred seventy-five thousand dollars ($275,000) to purchase and install meals equipment for senior centers nationwide on the Navajo Nation in Bernalillo, McKinley, San Juan and Socorro counties;

                (53) one million dollars ($1,000,000) to purchase and install equipment for the area agencies on aging statewide;

                (54) one hundred thirty thousand six hundred eighty dollars ($130,680) to plan, design, renovate and equip the Alamogordo senior center in Otero county;

                (55) two hundred sixty-five thousand dollars ($265,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Alamogordo senior center in Alamogordo in Otero county;

                (56) three thousand dollars ($3,000) to purchase and install equipment in the Cloudcroft senior center in Otero county;

                (57) five thousand dollars ($5,000) to purchase and install meals equipment for the Cloudcroft senior center in Otero county;

                (58) one thousand five hundred dollars ($1,500) to purchase and install equipment in the Logan senior center in Quay county;

                (59) eight thousand nine hundred dollars ($8,900) to purchase and install equipment in the Tucumcari senior center in Quay county;

                (60) forty-five thousand dollars ($45,000) to purchase and equip vehicles for the senior center in Tucumcari in Quay county;

                (61) eighteen thousand dollars ($18,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Tucumcari senior center in Quay county;

                (62) twenty-nine thousand nine hundred dollars ($29,900) to purchase and install meals equipment at the Tucumcari senior center in Quay county;

                (63) twenty-four thousand five hundred dollars ($24,500) to plan, design, renovate and equip the Tucumcari senior center in Quay county;

                (64) nine thousand three hundred sixty dollars ($9,360) to purchase and install equipment in the Beatrice Martinez senior center in Espanola in Rio Arriba county;

                (65) two hundred fifty thousand dollars ($250,000) to make improvements for building code compliance, including purchase and installation of equipment and roof replacement, to the Beatrice Martinez senior center in Espanola in Rio Arriba county;

                (66) twenty-one thousand dollars ($21,000) to purchase and install meals equipment in the Beatrice Martinez senior center in Rio Arriba county;

                (67) five thousand dollars ($5,000) to purchase and install meals equipment at the Chama senior center in Rio Arriba county;

                (68) seventy-seven thousand four hundred ninety dollars ($77,490) to plan, design, renovate and equip the Chama senior center in Rio Arriba county;

                (69) ten thousand eight hundred ten dollars ($10,810) to purchase and install meals equipment for the Coyote senior center in Rio Arriba county;

                (70) twenty-seven thousand three hundred five dollars ($27,305) to plan, design, renovate and equip the Coyote senior center in Rio Arriba county;

                (71) one hundred fifty thousand nine hundred sixty dollars ($150,960) to plan, design, renovate and equip the Dixon senior center in Rio Arriba county;

                (72) thirty-four thousand nine hundred dollars ($34,900) to plan, design, renovate and equip the county senior center in Espanola in Rio Arriba county;

                (73) nineteen thousand three hundred ninety dollars ($19,390) to purchase and install equipment in senior centers countywide in Rio Arriba county;

                (74) thirty-four thousand dollars ($34,000) to purchase and equip vehicles for the Pueblo of Santa Clara senior center in Rio Arriba county;

                (75) six thousand five hundred dollars ($6,500) to plan, design, renovate and equip the Pueblo of Santa Clara senior center in Rio Arriba county;

                (76) two hundred thousand dollars ($200,000) to make improvements for building code compliance, including purchase and installation of equipment and renovations to the portal, to the Pueblo of Santa Clara senior center in Rio Arriba county;

                (77) two thousand seven hundred fifteen dollars ($2,715) to purchase and install meals equipment for the Tierra Amarilla senior center in Rio Arriba county;

                (78) one hundred seventy thousand dollars ($170,000) to plan, design, renovate and equip the Beclabito chapter senior center on the Navajo Nation in San Juan county;

                (79) twenty-five thousand dollars ($25,000) to purchase and equip vehicles for the Bloomfield senior center in San Juan county;

                (80) twenty-seven thousand one hundred dollars ($27,100) to make improvements for building code compliance, including purchase and installation of equipment, to the Bonnie Dallas senior center in San Juan county;

                (81) nine thousand seven hundred dollars ($9,700) to purchase and install meals equipment for the Bonnie Dallas and Fruitland senior centers in San Juan county;

                (82) thirty thousand dollars ($30,000) to plan, design, renovate and equip the Crystal chapter senior center on the Navajo Nation in San Juan county;

                (83) sixty-eight thousand one hundred forty-five dollars ($68,145) to plan, design, renovate and equip the Lower Valley senior center in San Juan county;

                (84) seventy thousand dollars ($70,000) to plan, design, renovate and equip the Naschitti chapter senior center on the Navajo Nation in San Juan county;

                (85) forty thousand dollars ($40,000) to purchase and install equipment for senior centers countywide in San Juan county;

                (86) seventy thousand dollars ($70,000) to plan, design, renovate and equip the Sheep Springs chapter senior center on the Navajo Nation in San Juan county;

                (87) forty-eight thousand dollars ($48,000) to purchase and equip vehicles for the Las Vegas senior center in San Miguel county;

                (88) fifteen thousand eight hundred dollars ($15,800) to purchase and install meals equipment in the Pecos senior center in San Miguel county;

                (89) ten thousand one hundred ninety-five dollars ($10,195) to plan, design, renovate and equip the Pecos senior center in San Miguel county;

                (90) nineteen thousand four hundred ten dollars ($19,410) to make improvements for building code compliance, including purchase and installation of equipment, to the Bernalillo senior center in Sandoval county;

                (91) twenty-three thousand dollars ($23,000) to plan, design, renovate and equip the Corrales senior center in Sandoval county;

                (92) twenty-three thousand dollars ($23,000) to plan, design, renovate and equip the Cuba senior center in Sandoval county;

                (93) nine thousand three hundred forty dollars ($9,340) to purchase and install meals equipment in the Pueblo of Jemez senior center in Sandoval county;

                (94) sixty-seven thousand dollars ($67,000) to purchase and equip vehicles for the senior center in the Pueblo of Jemez in Sandoval county;

                (95) fifty-six thousand dollars ($56,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Jemez senior center in Sandoval county;

                (96) seventy thousand eight hundred ten dollars ($70,810) to purchase and install equipment in the Rio Rancho senior center in Sandoval county;

                (97) one hundred thirteen thousand four hundred ten dollars ($113,410) to make improvements for building code compliance, including purchase and installation of equipment, to the Rio Rancho senior center in Sandoval county;

                (98) three thousand dollars ($3,000) to purchase and install meals equipment in the Pueblo of Sandia senior center in Sandoval county;

                (99) twenty-five thousand five hundred dollars ($25,500) to purchase and install equipment for senior centers countywide in Sandoval county;

                (100) one hundred seventy-one thousand dollars ($171,000) to purchase and equip vehicles for senior centers countywide in Sandoval county;

                (101) twenty-five thousand dollars ($25,000) to plan, design, renovate and equip the Pueblo of Santo Domingo senior center in Sandoval county;

                (102) thirty-five thousand dollars ($35,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Pueblo of Santo Domingo senior center in Sandoval county;

                (103) three thousand dollars ($3,000) to purchase and install meals equipment in the Pueblo of Zia senior center in Sandoval county;

                (104) one hundred eighty-five thousand six hundred ninety dollars ($185,690) to make improvements for building code compliance to the Luisa senior center in Santa Fe county;

                (105) one hundred forty-six thousand nine hundred forty dollars ($146,940) to plan, design, renovate and equip the Luisa senior center in Santa Fe in Santa Fe county;

                (106) one hundred thirty-four thousand eight hundred eighty dollars ($134,880) to plan, design, renovate and equip the Mary Esther Gonzales senior center in Santa Fe in Santa Fe county;

                (107) three hundred thousand dollars ($300,000) to make improvements for building code compliance, including purchase and installation of equipment and roof replacement, to the Mary Esther Gonzales senior center in Santa Fe county;

                (108) eight thousand five hundred dollars ($8,500) to make improvements for building code compliance, including purchase and installation of equipment, to the Pasatiempo senior center in Santa Fe in Santa Fe county;

                (109) thirty-four thousand dollars ($34,000) to purchase and equip vehicles for the Pueblo of Pojoaque senior center in Santa Fe county;

                (110) one hundred eleven thousand nine hundred dollars ($111,900) to purchase and install meals equipment for citywide senior centers in Santa Fe in Santa Fe county;

                (111) one hundred thirty-two thousand dollars ($132,000) to purchase and equip vehicles for senior centers citywide in Santa Fe in Santa Fe county;

                (112) ten thousand dollars ($10,000) to purchase and install equipment in the Pueblo of Tesuque senior center in Santa Fe county;

                (113) forty-eight thousand dollars ($48,000) to purchase and equip vehicles for the Pueblo of Tesuque senior center in Santa Fe county;

                (114) one hundred ten thousand eight hundred ninety dollars ($110,890) to make improvements for building code compliance, including purchase and installation of equipment, to the Villa Consuelo senior center in Santa Fe county;

                (115) sixteen thousand fifty-five dollars ($16,055) to purchase and install meals equipment for the Truth or Consequences senior center in Sierra county;

                (116) four thousand three hundred seventy-five dollars ($4,375) to purchase and install meals equipment in the Socorro senior center in Socorro county;

                (117) forty-two thousand dollars ($42,000) to purchase and equip vehicles for senior centers countywide in Socorro county;

                (118) fifteen thousand dollars ($15,000) to make improvements for building code compliance, including purchase and installation of equipment, to the Socorro senior center in Socorro county;

                (119) twenty-five thousand dollars ($25,000) to plan, design, renovate and equip the Socorro senior center in Socorro county;

                (120) thirty-three thousand one hundred fifteen dollars ($33,115) to plan, design, renovate and equip the Chamisal senior center in Taos county;

                (121) fifty-nine thousand dollars ($59,000) to purchase and equip vehicles for the Pueblo of Taos senior center in Taos county;

                (122) sixty-two thousand dollars ($62,000) to plan, design, renovate and equip the Taos senior center in Taos county;

                (123) ten thousand dollars ($10,000) to plan, design, renovate and equip the Estancia senior center in Torrance county;

                (124) twelve thousand dollars ($12,000) to purchase and install meals equipment for the senior center in Moriarty in Torrance county;

                (125) ten thousand dollars ($10,000) to plan, design, renovate and equip the Moriarty senior center in Torrance county;

                (126) nine thousand five hundred dollars ($9,500) to plan, design, renovate and equip the Mountainair senior center in Torrance county;

                (127) three thousand eight hundred seventy-five dollars ($3,875) to plan, design, renovate and equip the Mountainair and Moriarty senior centers in Torrance county;

                (128) six thousand five hundred dollars ($6,500) to plan, design, renovate and equip the Clayton senior center in Union county;

                (129) two hundred thousand dollars ($200,000) to make improvements for building code compliance, including purchase and installation of equipment and roof replacement, to the Clayton senior center in Union county;

                (130) two thousand five hundred dollars ($2,500) to plan, design, renovate and equip the Des Moines senior center in Union county; and

                (131) sixty-eight thousand dollars ($68,000) to purchase and install meals equipment in the senior center in Belen in Valencia county;

          B. for library acquisitions and capital improvements at public libraries, public school libraries, academic libraries and tribal libraries statewide:

                (1) to the cultural affairs department:

                     (a) seven hundred thousand dollars ($700,000) for equipment and supplemental library resource acquisitions, including print, non-print and electronic resources, and for planning, designing and constructing capital improvements to include library facilities for tribal libraries statewide; and

                     (b) three million dollars ($3,000,000) for equipment and supplemental library resource acquisitions, including print, non-print and electronic resources, for non-tribal public libraries statewide;

                (2) to the higher education department, three million dollars ($3,000,000) for library resource acquisitions, including books, equipment, resources and collaborative library resources and information technology projects, for academic libraries statewide; and

                (3) to the public education department, three million dollars ($3,000,000) for library resource acquisitions, including library books, for public school libraries statewide; and

          C. for capital improvements at institutions of higher education and special schools statewide:

                (1) to the board of regents of eastern New Mexico university:

                     (a) one million five hundred thousand dollars ($1,500,000) for campuswide renovations and infrastructure improvements, including related demolition, at the Roswell branch campus of eastern New Mexico university in Chaves county;

                     (b) five hundred thousand dollars ($500,000) for renovations and infrastructure improvements, including designing, purchasing, equipping and installing an energy management system, at the Ruidoso branch campus of eastern New Mexico university in Lincoln county; and

                     (c) nine million dollars ($9,000,000) to plan, design and make infrastructure improvements to technology classrooms at the Jack Williamson liberal arts building at eastern New Mexico university in Portales in Roosevelt county;

                (2) to the higher education department:

                     (a) ten million five hundred thousand dollars ($10,500,000) to improve, renovate, equip and furnish the south valley campus and the main campus of central New Mexico community college in Albuquerque in Bernalillo county;

                     (b) eight hundred thousand dollars ($800,000) to plan, design, renovate and equip infrastructure improvements at Clovis community college in Clovis in Curry county;

                     (c) three million three hundred thousand dollars ($3,300,000) to plan, design and make infrastructure improvements, including tunnel system upgrades, piping and electrical and mechanical system upgrades, at New Mexico junior college in Hobbs in Lea county;

                     (d) one million dollars ($1,000,000) for roof repair or replacement and other infrastructure improvements at Mesalands community college in Tucumcari in Quay county;

                     (e) one million two hundred thousand dollars ($1,200,000) to plan, design, renovate and equip infrastructure improvements at San Juan college in Farmington in San Juan county;

                     (f) four million dollars ($4,000,000) to plan, design, renovate and equip the vocational education complex at Luna community college in Las Vegas in San Miguel county; and

                     (g) one million dollars ($1,000,000) for roofing upgrades to buildings at Santa Fe community college in Santa Fe county;

                (3) to the board of regents of New Mexico highlands university, six million dollars ($6,000,000) to improve the site for, and to plan, design, renovate, construct, furnish and equip, the Trolley building to be used for the media arts program at New Mexico highlands university in Las Vegas in San Miguel county;

                (4) to the board of regents of New Mexico institute of mining and technology, eighteen million dollars ($18,000,000) to plan, design, construct and equip phase 1 of the geology facility at New Mexico institute of mining and technology in Socorro in Socorro county;

                (5) to the board of regents of New Mexico military institute, five million dollars ($5,000,000) for renovations, including improvements related to code compliance, at Lusk hall at New Mexico military institute in Roswell in Chaves county;

                (6) to the board of regents of New Mexico state university:

                     (a) one million dollars ($1,000,000) for infrastructure renovation and upgrades at the Grants branch campus of New Mexico state university in Cibola county;

                     (b) nineteen million dollars ($19,000,000) to plan, design, renovate, conduct necessary demolition, construct, furnish, expand and equip the Hardman and Jacobs halls at New Mexico state university in Las Cruces in Dona Ana county;

                     (c) two million dollars ($2,000,000) for infrastructure renovation and upgrades at the Dona Ana community college branch of New Mexico state university in Dona Ana county;

                     (d) one million dollars ($1,000,000) for infrastructure renovations and improvements at the Carlsbad branch campus of New Mexico state university in Eddy county; and

                     (e) one million dollars ($1,000,000) for infrastructure renovations and improvements at the Alamogordo branch campus of New Mexico state university in Otero county;

                (7) to the board of regents of northern New Mexico state school, two million dollars ($2,000,000) for power, campus security and equipment upgrades at the El Rito and Espanola campuses of northern New Mexico state school in Rio Arriba county;

                (8) to the board of regents of the university of New Mexico:

                     (a) sixteen million dollars ($16,000,000) to renovate Clark hall, the chemistry building, at the university of New Mexico in Albuquerque in Bernalillo county;

                     (b) five hundred thousand dollars ($500,000) to renovate and equip labs, classrooms and storage space at the science laboratories at the Los Alamos branch campus of the university of New Mexico in Los Alamos county;

                     (c) one million dollars ($1,000,000) for water and sewer upgrades, including improvements to utility infrastructure and fire suppression systems, at the Gallup branch campus of the university of New Mexico in McKinley county;

                     (d) three million dollars ($3,000,000) to renovate and upgrade the campus, including lighting, signage, infrastructure and parking lot and drainage improvements, at the Taos branch campus of the university of New Mexico in Taos county; and

                     (e) one million dollars ($1,000,000) for infrastructure improvements, including roof replacement, heating, ventilation and air conditioning system upgrades, plumbing upgrades and construction of a loop road and parking lot, at the Valencia branch campus of the university of New Mexico in Los Lunas in Valencia county;

                (9) to the board of regents of western New Mexico university, four million dollars ($4,000,000) for infrastructure renovations and improvements, including fire alarm systems, paving, drainage and sidewalk repairs, at western New Mexico university in Silver City in Grant county; and

                (10) to the Indian affairs department, eight hundred thousand dollars ($800,000) to plan, design and construct the science and technology building at the institute of American Indian arts in Santa Fe county.

     SECTION 11. ELECTION.--

          A. Bonds issued pursuant to the 2012 Capital Projects General Obligation Bond Act shall be submitted to the registered voters of the state at the general election to be held in November 2012, and, if they receive a majority of all the votes cast thereon at such election, shall take effect upon certification of the state canvassing board announcing the results of the election. No bonds shall be issued or sold under that act until the registered voters of this state have voted upon and approved the bonds and property tax as provided in this section. Any bonds issued under that act shall be issued within thirty months from the date of such election.

          B. The ballots used at the 2012 general election shall contain substantially the following language:

                (1) "The 2012 Capital Projects General Obligation Bond Act authorizes the issuance and sale of senior citizen facility improvement, construction and equipment acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed ten million three hundred thirty-five thousand dollars ($10,335,000) to make capital expenditures for certain senior citizen facility improvement, construction and equipment acquisition projects and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

          For________________ Against___________________";

                (2) "The 2012 Capital Projects General Obligation Bond Act authorizes the issuance and sale of library acquisition and construction bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed nine million eight hundred thirty thousand dollars ($9,830,000) to make capital expenditures for academic, public school, tribal and public library resource acquisitions and construction and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?

          For________________ Against___________________"; and

                (3) "The 2012 Capital Projects General Obligation Bond Act authorizes the issuance and sale of higher education and special schools capital improvement and acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed one hundred fourteen million five hundred thousand dollars ($114,500,000) to make capital expenditures for certain higher education and special schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?  

          For________________ Against___________________".

          C. Each question set forth in this section includes a specific work or object to be financed by the bonds. If any such question is not approved by a majority vote of the electorate at the state's 2012 general election, the issuance of bonds for the work or object specified by the question shall be excluded from and shall not be part of the 2012 Capital Projects General Obligation Bond Act. The failure of a question to be approved by the electorate at the 2012 general election shall not affect those questions that are approved at the election.

          D. The secretary of state shall include the submission of the capital projects general obligation bonds to the people at the 2012 general election, and it shall be included in the general election proclamation of each of the county clerks. The secretary of state shall cause the 2012 Capital Projects General Obligation Bond Act to be published in full in at least one newspaper in each county of the state if one be published therein, once each week, for four successive weeks next preceding the general election as required by the constitution of New Mexico.

     SECTION 12. ART IN PUBLIC PLACES.--Pursuant to Section

13-4A-4 NMSA 1978 and where applicable, the appropriations authorized in the 2012 Capital Projects General Obligation Bond Act include money for the art in public places fund.

     SECTION 13. PROJECT SCOPE--EXPENDITURES--REVERSION.--

          A. If an appropriation for a project authorized in the 2012 Capital Projects General Obligation Bond Act is not sufficient to complete all the purposes specified, the appropriation may be expended for any portion of the purposes specified in the appropriation. Expenditures shall not be made for purposes other than those specified in the appropriation.

          B. The state agencies and state institutions to which money has been appropriated in the 2012 Capital Projects General Obligation Bond Act shall be responsible for monitoring the projects funded in that act to ensure compliance with the constitution and laws of New Mexico and shall cause to be reverted any unexpended or unencumbered balance remaining at the earlier of the third full fiscal year after issuance of the bonds or the termination or completion of the specific project. Reverted funds shall be deposited in the debt service fund established by the state treasurer for the purpose of paying the principal of and interest on the state's general obligation bonds.

     SECTION 14. SEVERABILITY.--If any part or application of the 2012 Capital Projects General Obligation Bond Act is held invalid, the remainder or its application to other situations or persons shall not be affected.

     SECTION 15. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

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