HTRC/HB 565
et al
Page 1
AN ACT
RELATING TO CAPITAL EXPENDITURES; REAUTHORIZING UNISSUED,
UNEXPENDED OR UNENCUMBERED BALANCES; CHANGING AGENCIES AND
PURPOSES OF CERTAIN SEVERANCE TAX BOND AUTHORIZATIONS AND
OTHER FUNDS; EXTENDING EXPENDITURE PERIODS OF CERTAIN FUNDS;
AUTHORIZING EXPENDITURES;
REPEALING A SECTION OF LAWS 1995;
MAKING APPROPRIATIONS; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. SEVERANCE TAX BONDS--DEPARTMENT OF
ENVIRONMENT--EXTENDING EXPENDITURE PERIOD--EXPANSION OF
PURPOSE.--The balance of the proceeds from severance tax bonds
appropriated to the department of environment to construct and
install waterline extensions in the Mountainview area of the
south valley in Bernalillo county pursuant to Subsection F of
Section 4 of Chapter 113 of Laws 1992 may also be expended to
include engineering fees to match the congressional
appropriation and for related costs and acquisition of needed
land, rights of way and easements. Any unexpended or
unencumbered balance from the proceeds of the bonds remaining
at the end of fiscal year 2000 shall revert to the severance
tax bonding fund.
Section 2. SEVERANCE TAX BONDS--CHANGE OF AGENCY--
CHANGE OF PURPOSE--APPROPRIATION--EXTENDING EXPENDITURE
PERIOD.--The appropriation of severance tax bond proceeds in