0001| HOUSE BILL 30
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| DONALD L. WHITAKER
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0006|
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0007|
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0008|
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0009| FOR THE REVENUE STABILIZATION AND TAX POLICY COMMITTEE
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0010|
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0011| AN ACT
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0012| RELATING TO SMALL CITIES ASSISTANCE; INCREASING THE MINIMUM AND
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0013| MAXIMUM ANNUAL DISTRIBUTIONS TO QUALIFYING SMALL CITIES FROM THE
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0014| SMALL CITIES ASSISTANCE FUND.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. Section 3-37A-3 NMSA 1978 (being Laws 1979,
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0018| Chapter 284, Section 3, as amended) is amended to read:
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0019| "3-37A-3. SMALL CITIES ASSISTANCE FUND--DISTRIBUTION.--
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0020| A. The "small cities assistance fund" is created
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0021| within the state treasury.
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0022| B. On January 31 of each year, the local government
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0023| division of the department of finance and administration shall
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0024| certify to the taxation and revenue department the population of
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0025| each municipality in the state.
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0001| C. On or before June 10 of each year, the taxation
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0002| and revenue department shall compute the distribution share of
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0003| each qualifying municipality. The distribution share shall be
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0004| an amount equal to the product of the qualifying municipality's
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0005| population multiplied by the difference between the statewide
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0006| per capita average and the municipal per capita average less the
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0007| local tax effort of the qualifying municipality; provided that
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0008| the distribution share shall not exceed [thirty thousand
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0009| dollars ($30,000)] fifty thousand dollars ($50,000); and
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0010| provided that any municipality with a population of less than
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0011| ten thousand [which] that does not qualify for a dis-
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0012| tribution or any qualifying municipality [which] that
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0013| qualifies for a distribution of less than [fifteen thousand
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0014| dollars ($15,000)] thirty thousand dollars ($30,000) shall
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0015| receive a distribution of [fifteen thousand dollars ($15,000)]
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0016| thirty thousand dollars ($30,000); and provided further that
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0017| if the balance in the small cities assistance fund on the pre-
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0018| ceding May 30 is less than the sum of the distribution shares,
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0019| [then] the taxation and revenue department shall first reduce
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0020| the distribution share of each municipality whose distribution
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0021| share is in excess of [fifteen thousand dollars ($15,000)]
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0022| thirty thousand dollars ($30,000) in an amount calculated
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0023| according to the following formula:
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0024| municipal distribution share
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0025| in excess of [$15,000] $30,000
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0001| ____________________________ X deficiency in fund
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0002| sum of municipal distribution
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0003| shares in excess of [$15,000] $30,000
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0004| so long as no municipality's distribution share is reduced below
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0005| [fifteen thousand dollars ($15,000)] thirty thousand dollars
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0006| ($30,000), and until each municipality's distribution share is
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0007| reduced to [fifteen thousand dollars ($15,000)] thirty
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0008| thousand dollars ($30,000), if necessary; and provided further
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0009| that if the sum of the distribution shares when each share is
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0010| reduced to [fifteen thousand dollars ($15,000)] thirty
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0011| thousand dollars ($30,000) is still in excess of the balance in
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0012| the small cities assistance fund on the preceding May 30,
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0013| [then] the taxation and revenue department shall reduce each
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0014| municipality's [fifteen thousand dollar ($15,000)] thirty
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0015| thousand dollar ($30,000) distribution share by a percentage
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0016| equal to a percentage computed by dividing the amount by which
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0017| the fund is insufficient by the sum of all the distribution
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0018| shares. The taxation and revenue department shall certify the
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0019| amount of the distribution shares to the state treasurer.
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0020| D. The state treasurer shall distribute from the
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0021| small cities assistance fund on or before June 15 of each year
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0022| to each qualifying municipality the amount certified by the
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0023| taxation and revenue department for each qualifying municipality
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0024| for the period ending May 30 of the preceding year.
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0025| E. Immediately after distribution to municipalities
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0001| from the small cities assistance fund but no later than June 30
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0002| of each year, the unexpended or unencumbered balance in the
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0003| small cities assistance fund remaining after the distribution to
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0004| the qualifying municipalities shall revert to the general fund.
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0005| F. Funds distributed under this section shall be
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0006| placed in the general fund of the qualifying municipalities
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0007| receiving distributions."
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0008| Section 2. EFFECTIVE DATE.--The effective date of the
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0009| provisions of this act is July 1, 1996.
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0010|
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0011| State of New Mexico
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0012| House of Representatives
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0013|
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0014| FORTY-SECOND LEGISLATURE
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0015| SECOND SESSION, 1996
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0016|
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0017|
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0018| February 5, 1996
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0019|
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0020|
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0021| Mr. Speaker:
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0022|
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0023| Your APPROPRIATIONS AND FINANCE COMMITTEE, to
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0024| whom has been referred
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0025|
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0001| HOUSE BILL 30
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0002|
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0003| has had it under consideration and reports same with
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0004| recommendation that it DO PASS, amended as follows:
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0005|
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0006| 1. On page 2, line 8, strike "fifty thousand dollars
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0007| ($50,000)" and insert in lieu thereof "forty thousand dollars
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0008| ($40,000)".
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0009|
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0010| 2. On page 2, line 13, strike "thirty thousand dollars
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0011| ($30,000) and insert in lieu thereof "twenty thousand dollars
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0012| ($20,000)".
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0013|
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0014| 3. On page 2, lines 14 and 15, strike "thirty thousand
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0015| dollars ($30,000) and insert in lieu thereof "twenty thousand
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0016| dollars ($20,000)".
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0017|
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0018| 4. On page 2, line 20, strike "thirty thousand dollars
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0019| ($30,000)" and insert in lieu thereof "twenty thousand dollars
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0020| ($20,000)".
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0021|
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0022| 5. On page 2, line 23, strike "$30,000" and insert in lieu
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0023| thereof "$20,000".
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0024|
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0025| 6. On page 3, line 1, strike "$30,000" and insert in lieu
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0001| thereof "$20,000".
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0002|
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0003| 7. On page 3, lines 3 and 4, strike "thirty thousand
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0004| dollars ($30,000)" and insert in lieu thereof "twenty thousand
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0005| dollars ($20,000)".
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0006|
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0007| 8. On page 3, lines 5 and 6, strike "thirty thousand
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0008| dollars ($30,000)" and insert in lieu thereof "twenty thousand
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0009| dollars ($20,000)".
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0010|
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0011| 9. On page 3, lines 8 and 9, strike "thirty thousand
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0012| dollars ($30,000)" and insert in lieu thereof "twenty thousand
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0013| dollars ($20,000)".
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0014| 10. On page 3, line 12, strike "thirty thousand dollars
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0015| ($30,000)" and insert in lieu thereof "twenty thousand dollars
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0016| ($20,000)".
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0017|
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0018| Respectfully submitted,
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0019|
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0020|
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0021|
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0022|
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0023|
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0024| Max Coll, Chairman
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0025|
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0001|
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0002| Adopted Not Adopted
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0003|
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0004| (Chief Clerk) (Chief Clerk)
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0005|
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0006| Date
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0007|
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0008| The roll call vote was 17 For 0 Against
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0009| Yes: 17
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0010| Excused: Buffett
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0011| Absent: none
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0012|
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0013|
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0014|
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0015| H0030AF1
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