SENATE JOINT RESOLUTION 3

52nd legislature - STATE OF NEW MEXICO - first session, 2015

INTRODUCED BY

Lee S. Cotter

A JOINT RESOLUTION

PROPOSING AN AMENDMENT TO ARTICLE 8 OF THE CONSTITUTION OF NEW MEXICO TO LIMIT THE USE OF MONEY RAISED FROM TAXES AND FEES ON MOTOR VEHICLES AND MOTOR VEHICLE FUELS SOLELY FOR PUBLIC ROAD PROJECTS AND OTHER CURRENT USES.

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

     SECTION 1. It is proposed to amend Article 8 of the constitution of New Mexico by adding a new section to read:

     "Money derived by the state, a county or a municipality from a tax, surcharge or fee imposed on motor vehicle fuels or on the purchase, registration or operation of a motor vehicle on a public highway shall be appropriated only for:

          A. administration of a law imposing the tax, surcharge or fee;

          B. payment of debt service on highway bonds;

          C. complying with federal highway aid requirements;

          D. planning, engineering, construction, improvement or maintenance of public highways, roads, streets or bridges; or

          E. another purpose pursuant to a law in effect on the date of adoption of this amendment; provided that the rate of tax or the amount of surcharge or fees from which the money for the purpose is derived and appropriated shall be no more than the rate or amount then in effect."

     SECTION 2. The amendment proposed by this resolution shall be submitted to the people for their approval or rejection at the next general election or at any special election prior to that date that may be called for that purpose.

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