0001| HOUSE BILL 41
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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| NICK L. SALAZAR
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0006|
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0007|
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0008|
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0009|
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0010|
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0011| AN ACT
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0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
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0013| SEVERANCE TAX BONDS TO CONSTRUCT AN ADDITION TO, TO REMODEL AND
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0014| TO LANDSCAPE THE VOCATIONAL AGRICULTURE FACILITY AT THE MAIN
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0015| CAMPUS OF LUNA VOCATIONAL-TECHNICAL INSTITUTE IN SAN MIGUEL
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0016| COUNTY; MAKING AN APPROPRIATION; DECLARING AN EMERGENCY.
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0017|
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0018| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0019| Section 1. SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED--APPROPRIATION OF PROCEEDS.--The state board of finance may issue
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0020| and sell severance tax bonds in compliance with the Severance
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0021| Tax Bonding Act in an amount not exceeding one million fifty-nine thousand eight hundred four dollars ($1,059,804) when the
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0022| governing board of Luna vocational-technical institute certifies
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0023| the need for the issuance of the bonds. The state board of
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0024| finance shall schedule the issuance and sale of the bonds in the
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0025| most expeditious and economical manner possible upon a finding
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0001| by the board that the project has been developed sufficiently to
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0002| justify the issuance and that the project can proceed to
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0003| contract within a reasonable time. The state board of finance
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0004| shall further take the appropriate steps necessary to comply
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0005| with the Internal Revenue Code of 1986, as amended. The
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0006| proceeds from the sale of the bonds are appropriated to the
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0007| governing board of Luna vocational-technical institute for the
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0008| purpose of constructing an addition to, remodeling and
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0009| landscaping the existing vocational agriculture facility for use
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0010| as an early childhood education and permaculture center at the
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0011| main campus located in San Miguel county. Any unexpended or
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0012| unencumbered balance remaining at the end of fiscal year 1999
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0013| shall revert to the severance tax bonding fund. If the
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0014| governing board of Luna vocational-technical institute has not
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0015| certified the need for the issuance of the bonds by the end of
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0016| fiscal year 1998, the authorization provided in this section
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0017| shall be void.
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0018| Section 2. EMERGENCY.--It is necessary for the public
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0019| peace, health and safety that this act take effect immediately.
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0020| State of New Mexico
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0021| House of Representatives
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0022|
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0023| FORTY-SECOND LEGISLATURE
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0024| SECOND SESSION, 1996
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0025|
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0001|
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0002| February 14, 1996
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0003|
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0004|
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0005| Mr. Speaker:
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0006|
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0007| Your TAXATION AND REVENUE COMMITTEE, to whom has
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0008| been referred
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0009|
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0010| HOUSE BILLS 41, 53, 136, 181, 236, 271, 272, 354,
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0011| 360, 383, 418, 421, 554, 732, 739 & 786
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0012| has had them under consideration and reports same with
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0013| recommendation that they DO NOT PASS, but that
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0014|
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0015| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR
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0016| HOUSE BILLS 41, 53, 136, 181, 236, 271, 272, 354,
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0017| 360, 383, 418, 421, 554, 732, 739 & 786
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0018|
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0019| DO PASS, and thence referred to the APPROPRIATIONS AND
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0020| FINANCE COMMITTEE.
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0021|
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0022| Respectfully submitted,
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0023|
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0024|
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0025|
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0001|
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0002| Jerry W. Sandel, Chairman
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0003|
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0004|
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0005| Adopted Not Adopted
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0006|
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0007| (Chief Clerk) (Chief Clerk)
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0008|
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0009| Date
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0010|
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0011| The roll call vote was 11 For 0 Against
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0012| Yes: 11
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0013| Excused: None
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0014| Absent: Hawkins, Ryan
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0015|
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0016|
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0017| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR HOUSE BILLS
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0018| 41, 53, 136, 181, 236, 271, 272, 354, 360, 383, 418,421,554, 732, 739 & 786
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0019| 42ND legislature - STATE OF NEW MEXICO - second session, 1996
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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|
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0025|
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0001|
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0002| AN ACT
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0003| AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL
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0004| OBLIGATION BONDS; PROVIDING FOR CAPITAL EXPENDITURES FOR SENIOR
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0005| CITIZEN FACILITY CONSTRUCTION, IMPROVEMENTS AND ACQUISITIONS,
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0006| FOR PUBLIC EDUCATIONAL CAPITAL IMPROVEMENTS AND ACQUISITIONS,
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0007| FOR STATE FAIR RENOVATIONS AND IMPROVEMENTS, FOR JUVENILE
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0008| CORRECTIONAL AND REHABILITATIVE FACILITIES AND FOR LAND
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0009| ACQUISITION FOR PETROGLYPH NATIONAL MONUMENT; PROVIDING FOR A
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0010| TAX LEVY FOR PAYMENT OF PRINCIPAL OF, INTEREST ON AND CERTAIN
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0011| COSTS RELATED TO THE BONDS; REQUIRING APPROVAL OF THE REGISTERED
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0012| VOTERS AT THE 1996 GENERAL ELECTION; DECLARING AN EMERGENCY.
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0013|
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0014| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0015| Section 1. This act may be cited as the "1996 Capital
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0016| Projects General Obligation Bond Act".
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0017| Section 2. For the purpose of providing funds for capital
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0018| expenditures as authorized in this act, general obligation
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0019| indebtedness of the state is authorized for the purposes and in
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0020| the amounts set forth in Section 10 of the 1996 Capital Projects
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0021| General Obligation Bond Act.
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0022| Section 3. The state board of finance, except as limited
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0023| by the 1996 Capital Projects General Obligation Bond Act, shall
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0024| determine the terms, covenants and conditions of bonds issued
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0025| pursuant to that act, including but not limited to: date or
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0001| dates of issue; denominations; maturities; principal amounts;
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0002| rate or rates of interest; provisions for redemption, including
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0003| premiums, registration, refundability, whether the bonds are
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0004| issued in one or more series and other covenants relating to the
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0005| bonds and the issuance thereof. The bonds shall be in such form
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0006| as the state board of finance determines with an appropriate
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0007| series designation and shall bear interest payable as set forth
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0008| in the resolution of the state board of finance. Payment of the
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0009| principal of the bonds shall begin not more than two years after
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0010| the date of their issuance, and the bonds shall mature not later
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0011| than ten years after the date of their issuance. Both principal
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0012| and interest shall be payable in lawful money of the United
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0013| States at the office of the paying agent within or without the
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0014| state of New Mexico as the state board of finance may direct.
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0015| The bonds shall be executed with the manual or facsimile
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0016| signature of the governor or the state treasurer, and the seal
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0017| or a facsimile of the seal of the state shall be placed on each
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0018| bond, except for any series of bonds issued in book entry or
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0019| similar form without the delivery of physical securities. The
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0020| bonds shall be issued in accordance with the provisions of the 1996
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0021| Capital Projects General Obligation Bond Act, the Supplemental
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0022| Public Securities Act and the Uniform Facsimile Signature of Public
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0023| Officials Act and may be issued in accordance with the Public
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0024| Securities Short-Term Interest Rate Act. The full faith and credit
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0025| of the state of New Mexico are hereby pledged for the prompt
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0001| payment at maturity of the principal of and interest on all bonds
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0002| issued and sold pursuant to the 1996 Capital Projects General
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0003| Obligation Bond Act.
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0004| Section 4. The proceeds from the sale of the bonds shall be
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0005| expended solely for providing funds to be distributed for the
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0006| purposes and in amounts not to exceed the amounts set forth in
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0007| Section 10 of the 1996 Capital Projects General Obligation Bond Act
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0008| and to pay expenses incurred under Section 6 of that act. Any
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0009| proceeds from the sale of the bonds that are not required for the
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0010| purposes set forth in Sections 6 and 10 of that act shall be used
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0011| for the purpose of paying the principal of and interest on the
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0012| bonds.
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0013| Section 5. The bonds authorized under the 1996 Capital
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0014| Projects General Obligation Bond Act shall be sold by the state
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0015| board of finance, at such time and in such manner and amounts as
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0016| the board may elect. The bonds may be sold at private sale or at
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0017| public sale at not less than par and accrued interest to the date
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0018| of delivery. If sold at public sale, the state board of finance
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0019| shall publish a notice of the time and place of sale in a newspaper
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0020| of general circulation in the state and may also publish the notice
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0021| in a recognized financial journal outside the state. The required
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0022| publications shall be made once each week for two consecutive weeks
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0023| prior to the date fixed for the sale, the last publication thereof
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0024| to be at least five days prior to the date of the sale. The notice
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0025| shall specify the amount, denomination, maturity and description of
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0001| the bonds to be offered for sale and the place, date and hour at
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0002| which the sealed bids shall be received. At the time and place
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0003| specified in the notice, the state board of finance shall open the
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0004| bids in public and shall award the bonds to the bidder or bidders
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0005| offering the best price for the bonds. The state board of finance
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0006| may reject any or all bids and readvertise and may waive any
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0007| irregularity in a bid. All bids, except that of the state, shall
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0008| be accompanied by a deposit of two percent of the bid price. The
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0009| deposit of an unsuccessful bidder shall be returned upon rejection
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0010| of the bid. The state board of finance may also sell the bonds or
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0011| any part of the bonds to the state treasurer or state investment
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0012| officer. The state treasurer or state investment officer is
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0013| authorized to purchase any of the bonds for investment. The bonds
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0014| are legal investments for any person or board charged with the
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0015| investment of any public funds and may be accepted as security for
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0016| any deposit of public money.
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0017| Section 6. The expenses incurred by the state board of
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0018| finance in or relating to the preparation and sale of the bonds
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0019| shall be paid out of the proceeds from the sale of the bonds, and
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0020| all rebate, penalty, interest and other obligations of the state
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0021| relating to the bonds and bond proceeds under the Internal Revenue
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0022| Code of 1986, as amended, shall be paid from earnings on bond
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0023| proceeds or other money of the state, legally available therefor.
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0024| Section 7. To provide for the payment of the principal of
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0025| and interest on the bonds issued and sold pursuant to the
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0001| provisions of the 1996 Capital Projects General Obligation Bond
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0002| Act, there shall be and there is hereby imposed and levied during
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0003| each year in which any of the bonds are outstanding an ad valorem
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0004| tax on all property in the state subject to property taxation for
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0005| state purposes sufficient to pay the interest as it becomes due on
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0006| the bonds, together with an amount sufficient to provide a sinking
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0007| fund to pay the principal of the bonds as it becomes due and, if
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0008| permitted by law, ad valorem taxes may be collected to pay
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0009| administrative costs incident to the collection of such taxes. The
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0010| taxes shall be imposed, levied, assessed and collected at the times
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0011| and in the manner that other property taxes for state purposes are
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0012| imposed, levied, assessed and collected. It is the duty of all tax
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0013| officials and authorities to cause these taxes to be imposed,
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0014| levied, assessed and collected.
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0015| Section 8. The state treasurer shall keep separate accounts
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0016| of all money collected pursuant to the taxes imposed and levied
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0017| pursuant to the provisions of the 1996 Capital Projects General
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0018| Obligation Bond Act and shall use this money only for the purposes
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0019| of paying the principal of and interest on the bonds as they become
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0020| due and any expenses relating thereto.
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0021| Section 9. Any owner of bonds issued pursuant to the
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0022| provisions of the 1996 Capital Projects General Obligation Bond Act
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0023| may, either at law or in equity, by suit, action or mandamus,
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0024| enforce and compel the performance of the duties required by that
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0025| act of any officer or entity mentioned in that act. The provisions
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0001| of the 1996 Capital Projects General Obligation Bond Act constitute
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0002| an irrepealable contract with the owners of any of the bonds issued
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0003| pursuant to that act for the faithful performance of which the full
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0004| faith and credit of the state of New Mexico is hereby pledged.
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0005| Without reference to any other act of the legislature of the state,
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0006| the 1996 Capital Projects General Obligation Bond Act is full
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0007| authority for the issuance and sale of the bonds authorized in that
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0008| act, and such bonds shall have all the qualities of investment
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0009| securities under the Uniform Commercial Code of the state, shall
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0010| not be invalid for any irregularity or defect in the proceedings
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0011| for the issuance and sale of the bonds and shall be incontestable
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0012| in the hands of bona fide purchasers or holders thereof for value.
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0013| All bonds issued under the provisions of the 1996 Capital Projects
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0014| General Obligation Bond Act, and the interest thereon, are exempt
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0015| from taxation by the state and any subdivision or public body
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0016| thereof.
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0017| Section 10. The proceeds from the sale of bonds issued under
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0018| the provisions of the 1996 Capital Projects General Obligation Bond
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0019| Act shall be distributed as follows for the purposes and in the
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0020| amounts specified:
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0021| A. for senior citizen facility construction and
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0022| improvements, to the state agency on aging:
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0023| (1) three hundred seventy-six thousand dollars
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0024| ($376,000) for the purpose of renovating and making improvements to
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0025| meet current codes and regulations regarding health, safety and
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0001| accessibility at senior centers and meal sites located throughout
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0002| the state;
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0003| (2) one million twenty-nine thousand nine hundred
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0004| dollars ($1,029,900) to be allocated to senior citizen centers and
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0005| programs for the purpose of purchasing vehicles for senior citizen
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0006| centers and programs located throughout the state;
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0007| (3) two hundred twenty-one thousand one hundred
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0008| dollars ($221,100) to be allocated to nutrition programs for the
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0009| purpose of purchasing kitchen equipment for nutrition programs
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0010| located throughout the state;
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0011| (4) eight hundred two thousand dollars ($802,000)
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0012| for the purpose of renovating and making improvements to senior
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0013| centers and meal sites located throughout the state; and
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0014| (5) one hundred thousand dollars ($100,000) for
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0015| the purpose of constructing and equipping a south side senior
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0016| citizen center located in Santa Fe county;
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0017| B. for public educational capital improvements and
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0018| acquisitions:
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0019| (1) to the community college board of Santa Fe
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0020| community college, two million dollars ($2,000,000) for the purpose
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0021| of planning, designing, constructing and equipping an instructional
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0022| technology center at Santa Fe community college located in Santa Fe
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0023| county;
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0024| (2) to the board of regents of northern New
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0025| Mexico state school:
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0001| (a) five hundred thousand dollars ($500,000)
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0002| for the purpose of renovating, expanding and improving existing
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0003| buildings at northern New Mexico state school at El Rito located in
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0004| Rio Arriba county, including handicap access and infrastructure,
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0005| sewer and water renovation, expansion and equipment; and
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0006| (b) three hundred eighteen thousand four
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0007| hundred ninety-five dollars ($318,495) to design, construct and
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0008| equip a center for the arts at the Espanola branch of northern New
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0009| Mexico state school in Rio Arriba county;
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0010| (3) to the board of regents of New Mexico
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0011| military institute, two million dollars ($2,000,000) to rebuild,
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0012| expand and equip Saunders barracks;
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0013| (4) to the governing board of Luna vocational-technical institute, six hundred fifty thousand dollars ($650,000)
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0014| for the purpose of constructing an addition to, remodeling and
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0015| landscaping the existing vocational agriculture facility for use as
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0016| an early childhood education and permaculture center at the main
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0017| campus located in San Miguel county;
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0018| (5) to the board of regents of New Mexico
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0019| highlands university, five hundred thousand dollars ($500,000) to
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0020| renovate and make improvements to the Lora Mangum Shield science
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0021| building at New Mexico highlands university located in San Miguel
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0022| county;
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0023| (6) to the board of regents of New Mexico state
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0024| university, nine million dollars ($9,000,000) to design, construct
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0025| and equip the center for sustainable development of arid lands at
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0001| New Mexico state university located in Dona Ana county;
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0002| (7) to the board of regents of the university of
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0003| New Mexico, three million five hundred thousand dollars
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0004| ($3,500,000) to plan, design, construct, renovate, equip and make
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0005| improvements to certain instructional facilities on the main campus
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0006| located in Bernalillo county;
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0007| (8) to the governing board of New Mexico junior
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0008| college, one million two hundred thousand dollars ($1,200,000) to
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0009| plan, design, construct and equip a transportation training center
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0010| located in Lea county;
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0011| (9) to the governing board of San Juan college,
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0012| five hundred thousand dollars ($500,000) to design, construct and
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0013| equip an advanced technology center at San Juan college located in
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0014| San Juan county;
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0015| (10) to the board of regents of western New
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0016| Mexico university, nine hundred thousand dollars ($900,000) to
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0017| renovate the Watta classroom building on the campus of western New
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0018| Mexico university located in Grant county;
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0019| (11) to the public school capital improvements
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0020| fund, five million dollars ($5,000,000) for the purpose of carrying
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0021| out the provisions of the Public School Capital Improvements Act;
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0022| and
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0023| (12) to the public school capital outlay fund,
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0024| twenty-one million five hundred thousand dollars ($21,500,000) to
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0025| be allocated by the public school capital outlay council to carry
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0001| out the provisions of the Public School Capital Outlay Act;
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0002| C. for state fair renovation and improvements, nine
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0003| hundred thousand dollars ($900,000) for the purpose of renovating
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0004| and making improvements to the state fairgrounds located in
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0005| Bernalillo county;
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0006| D. for juvenile correctional and rehabilitative
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0007| facilities, five million dollars ($5,000,000) to the property
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0008| control division of the general services department to plan,
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0009| design, construct and equip juvenile correctional and
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0010| rehabilitative facilities; and
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0011| E. for land acquisition, one million dollars
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0012| ($1,000,000) to the energy, minerals and natural resources
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0013| department for the purpose of acquiring land for Petroglyph
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0014| national monument located in Bernalillo county.
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0015| Section 11. Except as otherwise provided in the 1996 Capital
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0016| Projects General Obligation Bond Act, bonds issued pursuant to that
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0017| act shall be submitted to the registered voters of the state at the
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0018| general election to be held in November 1996 and, if they receive a
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0019| majority of all the votes cast thereon at such election, shall take
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0020| effect upon certification of the state canvassing board announcing
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0021| the results of that election. No bonds shall be issued or sold
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0022| under the 1996 Capital Projects General Obligation Bond Act until
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0023| the registered voters of this state have voted upon and approved
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0024| the bonds and property tax imposition as provided in this section.
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0025| Any bonds issued under that act shall be issued within twenty-six
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0001| months from the date of the general election.
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0002| The ballots used at the 1996 general election shall contain
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0003| substantially the following language:
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0004| A. "The 1996 Capital Projects General Obligation Bond
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0005| Act authorizes the issuance and sale of senior citizen facility
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0006| construction, improvements and equipment bonds. Shall the state of
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0007| New Mexico be authorized to issue general obligation bonds in an
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0008| amount not to exceed two million five hundred twenty-nine thousand
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0009| dollars ($2,529,000) to make capital expenditures for certain
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0010| senior citizen facility construction improvements and equipment
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0011| projects and provide for a general property tax imposition and levy
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0012| for the payment of principal of, interest on and expenses incurred
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0013| in connection with the issuance of the bonds and the collection of
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0014| the tax as permitted by law?
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0015| For__________________ Against_________________ ";
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0016| B. "The 1996 Capital Projects General Obligation Bond
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0017| Act authorizes the issuance and sale of public educational capital
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0018| improvements and acquisitions bonds. Shall the state of New Mexico
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0019| be authorized to issue general obligation bonds in an amount not to
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0020| exceed forty-seven million five hundred sixty-eight thousand four
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0021| hundred ninety-five dollars ($47,568,495) to make capital
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0022| expenditures for certain public educational capital improvements
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0023| and acquisitions and provide for a general property tax imposition
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0024| and levy for payment of principal of, interest on, and expenses
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0025| incurred in connection with the issuance of the bonds and the
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0001| collection of the tax as permitted by law?
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0002| For_________________ Against_______________";
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0003| C. "The 1996 Capital Projects General Obligation Bond
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0004| Act authorizes the issuance and sale of state fair capital
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0005| improvements bonds. Shall the state of New Mexico be authorized to
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0006| issue general obligation bonds in an amount not to exceed nine
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0007| hundred thusand dollars ($900,000) to make capital expenditures for
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0008| improvements at the New Mexico state fairgrounds and provide for a
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0009| general property tax imposition and levy for payment of principal
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0010| of, interest on and expenses incurred in connection with the
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0011| issuance of the bonds and the collection of the tax as permitted by
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0012| law?
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0013| For______________ Against____________";
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0014| D. "The 1996 Capital Projects General Obligation Bond
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0015| Act authorizes the issuance and sale of juvenile correctional and
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0016| rehabilitative facilities bonds. Shall the state of New Mexico be
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0017| authorized to issue general obligation bonds in an amount not to
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0018| exceed five million dollars ($5,000,000) to make capital
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0019| expenditures for juvenile correctional and rehabilitative
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0020| facilities and provide for a general property tax imposition and
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0021| levy for payment of principal of, interest on and expenses incurred
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0022| in connection with the issuance of the bonds and the collection of
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0023| the tax as permitted by law?
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0024| For___________ Against___________"; and
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0025| E. "The 1996 Capital Projects General Obligation Bond Act
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0001| authorizes the issuance and sale of land acquisition bonds. Shall
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0002| the state of New Mexico be authorized to issue general obligation
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0003| bonds in an amount not to exceed one million dollars ($1,000,000)
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0004| to make capital expenditures for land acquisition for Petroglyph
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0005| national monument and provide for a general property tax imposition
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0006| and levy for payment of principal of, interest on and expenses
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0007| incurred in connection with the issuance of the bonds and the
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0008| collection of the tax as permitted by law?
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0009| For__________ Against____________".
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0010| Each question set forth in this section includes a specific
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0011| work or object to be financed by the bonds. If any such question
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0012| is not approved by a majority vote of the electorate at the state's
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0013| 1996 general election, the issuance of bonds for the work or object
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0014| specified by the question shall be excluded from and shall not be
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0015| part of the 1996 Capital Projects General Obligation Bond Act. The
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0016| failure of any question to be approved by the electorate at the
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0017| 1996 general election shall not have any effect on the work or
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0018| object specified by any other question approved by the electorate
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0019| or the provisions of the 1996 Capital Projects General Obligation
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0020| Bond Act relating to questions approved at the election.
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0021| The secretary of state shall include the submission of the
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0022| capital projects general obligation bonds to the people at the 1996
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0023| general election, and it shall be included in the general election
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0024| proclamation of each of the county clerks.
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0025| The secretary of state shall not include the question of
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0001| whether to issue capital projects general obligation bonds for the
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0002| purpose of acquiring land for Petroglyph national monument, as set
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0003| forth in Section 11 of the 1996 Capital Projects General Obligation
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0004| Bond Act, on the general election proclamation or on the general
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0005| election ballot unless, prior to June 1, 1996, the secretary of the
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0006| interior certifies in writing to the secretary of state that the
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0007| United States department of the interior will assist in the
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0008| expedited construction of certain portions of the Paseo del Norte
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0009| extension project and that the United States department of the
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0010| interior will work in good faith to eliminate all federal
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0011| impediments to the construction of that extension.
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0012| The secretary of state shall cause the 1996 Capital Projects
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0013| General Obligation Bond Act to be published in full in at least one
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0014| newspaper in each county of the state, if one is published therein,
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0015| once each week for four successive weeks next proceeding the
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0016| general election as required by the constitution of New Mexico.
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0017| Section 12. ART IN PUBLIC PLACES.--Pursuant to Section
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0018| 13-4A-4 NMSA 1978 and where applicable, the appropriations
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0019| authorized in the 1996 Capital Projects General Obligation Bond Act
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0020| include one percent for the art in public places fund.
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0021| Section 13. SEVERABILITY.--If any part or application of the
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0022| 1996 Capital Projects General Obligation Bond Act is held invalid,
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0023| the remainder or its application to other situations or persons
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0024| shall not be affected.
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0025| Section 14. EMERGENCY.--It is necessary for the public
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0001| peace, health and safety that this act take effect immediately.
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0002|
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0003|
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0004| FORTY-SECOND LEGISLATURE
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0005| SECOND SESSION
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0006|
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0007|
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0008| February 15, 1996
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0009|
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0010| Mr. President:
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0011|
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0012| Your SENATE FINANCE COMMITTEE, to whom has been
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0013| referred
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0014|
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0015|
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0016| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE
|
0017| FOR HOUSE BILLS 41, 53, 136, 181, 236, 271, 272,
|
0018| 354, 360, 383, 418, 421, 554, 732, 739 AND 786
|
0019|
|
0020|
|
0021| has had it under consideration and reports same with
|
0022| recommendation that it DO PASS, amended as follows:
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0023|
|
0024| 1. On page 7, line 4, after "construction" insert
|
0025| ", equipment".
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0001|
|
0002| 2. On page 9, strike lines 2 through 6 in their entirety and
|
0003| insert in lieu thereof:
|
0004|
|
0005| "(5) to the board of regents of New Mexico highlands
|
0006| university:
|
0007|
|
0008| (a) five hundred thousand dollars ($500,000) to
|
0009| renovate and make improvements to the Lora Mangum Shield science
|
0010| building at New Mexico highlands university in San Miguel county;
|
0011| and
|
0012|
|
0013| (b) one million dollars ($1,000,000) for the
|
0014| purpose of renovating and expanding Douglas hall on the campus of
|
0015| New Mexico highlands university in San Miguel county;".
|
0016|
|
0017| 3. On page 9, line 8, strike "nine million dollars
|
0018| ($9,000,000)" and insert in lieu thereof "nine million four
|
0019| hundred thousand dollars ($9,400,000)".
|
0020|
|
0021|
|
0022| 4. On page 9, strike lines 11 through 15 in their entirety and
|
0023| insert in lieu thereof:
|
0024|
|
0025| "(7) to the board of regents of the university of New
|
0001| Mexico:
|
0002|
|
0003| (a) one million five hundred thousand dollars
|
0004| ($1,500,000) to plan, design, construct, renovate, equip and make
|
0005| improvements to certain instructional facilities on the main
|
0006| campus located in Bernalillo county; and
|
0007|
|
0008| (b) five hundred thousand dollars ($500,000) to
|
0009| plan and design a new architecture and planning building at the
|
0010| university of New Mexico in Albuquerque in Bernalillo county;".
|
0011|
|
0012| 5. On page 9, strike lines 24 and 25 in their entirety, on
|
0013| page 10, strike lines 1 and 2 in their entirety and insert in lieu
|
0014| thereof the following:
|
0015|
|
0016| "(10) to the board of regents of western New Mexico
|
0017| university:
|
0018|
|
0019| (a) nine hundred thousand dollars ($900,000) to
|
0020| renovate the Watts classroom building on the campus of western New
|
0021| Mexico university located in Grant county; and
|
0022|
|
0023| (b) five hundred thousand dollars ($500,000) to
|
0024| design, renovate or remodel the fine arts auditorium on the campus
|
0025| of western New Mexico university located in Grant county;".
|
0001|
|
0002| 6. On page 10, between lines 2 and 3, insert the following:
|
0003|
|
0004| "(11) to the governing board of Albuquerque technical-vocational institute, three million dollars ($3,000,000) for the
|
0005| purpose of planning, designing and constructing a support services
|
0006| building for Albuquerque technical-vocational institute located in
|
0007| Bernalillo county;
|
0008|
|
0009|
|
0010| (12) to the board of regents of New Mexico institute of
|
0011| mining and technology, four million five hundred thousand dollars
|
0012| ($4,500,000) to renovate and to design, construct and equip a new
|
0013| addition to Jones Hall on the New Mexico institute of mining and
|
0014| technology campus located in Socorro county;
|
0015|
|
0016| (13) to the board of regents of eastern New Mexico
|
0017| university, two million dollars ($2,000,000) to remodel the
|
0018| education building on the eastern New Mexico university campus
|
0019| located in Roosevelt county;
|
0020|
|
0021| (14) to the governing board of Clovis community college,
|
0022| one million one hundred thousand dollars ($1,100,000) to plan,
|
0023| design and construct a new classroom addition and to renovate the
|
0024| college library on the Clovis community college campus located in
|
0025| Curry county;".
|
0001|
|
0002| 7. Renumber the succeeding paragraphs accordingly.
|
0003|
|
0004| 8. On page 11, lines 17 and 18, strike two million five
|
0005| hundred twenty-nine thousand dollars ($2,529,000)" and insert in
|
0006| lieu thereof "two million five hundred forty-four thousand one
|
0007| hundred five dollars ($2,544,105)".
|
0008|
|
0009| 9. On page 12, lines 4 and 5, strike "forty-seven million
|
0010| five hundred sixty-eight thousand four hundred ninety-five dollars
|
0011| ($47,568,495)" and insert in lieu thereof "fifty-eight million
|
0012| eight hundred sixty-one thousand three hundred thirty-seven
|
0013| dollars ($58,861,337)".
|
0014|
|
0015| 10. On page 12, lines 15 and 16, strike "nine hundred
|
0016| thousand dollars ($900,000)" and insert in lieu thereof "nine
|
0017| hundred fifteen thousand one hundred five dollars ($915,105)".
|
0018|
|
0019| 11. On page 13, line 2, strike "five million dollars
|
0020| ($5,000,000)" and insert in lieu thereof "five million twenty-five
|
0021| thousand dollars ($5,025,000)".
|
0022|
|
0023|
|
0024| 12. On page 13, line 12, strike "one million dollars
|
0025| ($1,000,000)" and insert in lieu thereof "one million fifteen
|
0001| thousand one hundred five dollars ($1,015,105)".
|
0002|
|
0003|
|
0004|
|
0005| Respectfully submitted,
|
0006|
|
0007|
|
0008| _____________________________
|
0009| Ben D. Altamirano, Chairman
|
0010|
|
0011|
|
0012|
|
0013| Adopted____________________ Not Adopted_____________________
|
0014| (Chief Clerk) (Chief Clerk)
|
0015|
|
0016|
|
0017|
|
0018| Date ______________
|
0019|
|
0020|
|
0021|
|
0022|
|
0023| The roll call vote was For Against
|
0024| Yes:
|
0025| No:
|
0001| Excused:
|
0002| Absent: AN ACT
|
0003| AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL
|
0004| OBLIGATION BONDS; PROVIDING FOR CAPITAL EXPENDITURES FOR SENIOR
|
0005| CITIZEN FACILITY CONSTRUCTION, IMPROVEMENTS AND ACQUISITIONS,
|
0006| FOR PUBLIC EDUCATIONAL CAPITAL IMPROVEMENTS AND ACQUISITIONS,
|
0007| FOR STATE FAIR RENOVATIONS AND IMPROVEMENTS, FOR JUVENILE
|
0008| CORRECTIONAL AND REHABILITATIVE FACILITIES AND FOR LAND
|
0009| ACQUISITION FOR PETROGLYPH NATIONAL MONUMENT; PROVIDING FOR A
|
0010| TAX LEVY FOR PAYMENT OF PRINCIPAL OF, INTEREST ON AND CERTAIN
|
0011| COSTS RELATED TO THE BONDS; REQUIRING APPROVAL OF THE
|
0012| REGISTERED VOTERS AT THE 1996 GENERAL ELECTION; DECLARING AN
|
0013| EMERGENCY.
|
0014|
|
0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
|
0016| Section 1. This act may be cited as the "1996 Capital
|
0017| Projects General Obligation Bond Act".
|
0018| Section 2. For the purpose of providing funds for capital
|
0019| expenditures as authorized in this act, general obligation
|
0020| indebtedness of the state is authorized for the purposes and in
|
0021| the amounts set forth in Section 10 of the 1996 Capital
|
0022| Projects General Obligation Bond Act.
|
0023| Section 3. The state board of finance, except as limited
|
0024| by the 1996 Capital Projects General Obligation Bond Act, shall
|
0025| determine the terms, covenants and conditions of bonds issued
|
0001| pursuant to that act, including but not limited to: date or
|
0002| dates of issue; denominations; maturities; principal amounts;
|
0003| rate or rates of interest; provisions for redemption, including
|
0004| premiums, registration, refundability, whether the bonds are
|
0005| issued in one or more series and other covenants relating to
|
0006| the bonds and the issuance thereof. The bonds shall be in such
|
0007| form as the state board of finance determines with an
|
0008| appropriate series designation and shall bear interest payable
|
0009| as set forth in the resolution of the state board of finance.
|
0010| Payment of the principal of the bonds shall begin not more than
|
0011| two years after the date of their issuance, and the bonds shall
|
0012| mature not later than ten years after the date of their
|
0013| issuance. Both principal and interest shall be payable in
|
0014| lawful money of the United States at the office of the paying
|
0015| agent within or without the state of New Mexico as the state
|
0016| board of finance may direct. The bonds shall be executed with
|
0017| the manual or facsimile signature of the governor or the state
|
0018| treasurer, and the seal or a facsimile of the seal of the state
|
0019| shall be placed on each bond, except for any series of bonds
|
0020| issued in book entry or similar form without the delivery of
|
0021| physical securities. The bonds shall be issued in accordance
|
0022| with the provisions of the 1996 Capital Projects General
|
0023| Obligation Bond Act, the Supplemental Public Securities Act and
|
0024| the Uniform Facsimile Signature of Public Officials Act and may
|
0025| be issued in accordance with the Public Securities Short-Term
|
0001| Interest Rate Act. The full faith and credit of the state of
|
0002| New Mexico are hereby pledged for the prompt payment at
|
0003| maturity of the principal of and interest on all bonds issued
|
0004| and sold pursuant to the 1996 Capital Projects General
|
0005| Obligation Bond Act.
|
0006| Section 4. The proceeds from the sale of the bonds shall
|
0007| be expended solely for providing funds to be distributed for
|
0008| the purposes and in amounts not to exceed the amounts set forth
|
0009| in Section 10 of the 1996 Capital Projects General Obligation
|
0010| Bond Act and to pay expenses incurred under Section 6 of that
|
0011| act. Any proceeds from the sale of the bonds that are not
|
0012| required for the purposes set forth in Sections 6 and 10 of
|
0013| that act shall be used for the purpose of paying the principal
|
0014| of and interest on the bonds.
|
0015| Section 5. The bonds authorized under the 1996 Capital
|
0016| Projects General Obligation Bond Act shall be sold by the state
|
0017| board of finance, at such time and in such manner and amounts
|
0018| as the board may elect. The bonds may be sold at private sale
|
0019| or at public sale at not less than par and accrued interest to
|
0020| the date of delivery. If sold at public sale, the state board
|
0021| of finance shall publish a notice of the time and place of sale
|
0022| in a newspaper of general circulation in the state and may also
|
0023| publish the notice in a recognized financial journal outside
|
0024| the state. The required publications shall be made once each
|
0025| week for two consecutive weeks prior to the date fixed for the
|
0001| sale, the last publication thereof to be at least five days
|
0002| prior to the date of the sale. The notice shall specify the
|
0003| amount, denomination, maturity and description of the bonds to
|
0004| be offered for sale and the place, date and hour at which the
|
0005| sealed bids shall be received. At the time and place specified
|
0006| in the notice, the state board of finance shall open the bids
|
0007| in public and shall award the bonds to the bidder or bidders
|
0008| offering the best price for the bonds. The state board of
|
0009| finance may reject any or all bids and readvertise and may
|
0010| waive any irregularity in a bid. All bids, except that of the
|
0011| state, shall be accompanied by a deposit of two percent of the
|
0012| bid price. The deposit of an unsuccessful bidder shall be
|
0013| returned upon rejection of the bid. The state board of finance
|
0014| may also sell the bonds or any part of the bonds to the state
|
0015| treasurer or state investment officer. The state treasurer or
|
0016| state investment officer is authorized to purchase any of the
|
0017| bonds for investment. The bonds are legal investments for any
|
0018| person or board charged with the investment of any public funds
|
0019| and may be accepted as security for any deposit of public
|
0020| money.
|
0021| Section 6. The expenses incurred by the state board of
|
0022| finance in or relating to the preparation and sale of the bonds
|
0023| shall be paid out of the proceeds from the sale of the bonds,
|
0024| and all rebate, penalty, interest and other obligations of the
|
0025| state relating to the bonds and bond proceeds under the
|
0001| Internal Revenue Code of 1986, as amended, shall be paid from
|
0002| earnings on bond proceeds or other money of the state, legally
|
0003| available therefor.
|
0004| Section 7. To provide for the payment of the principal of
|
0005| and interest on the bonds issued and sold pursuant to the
|
0006| provisions of the 1996 Capital Projects General Obligation Bond
|
0007| Act, there shall be and there is hereby imposed and levied
|
0008| during each year in which any of the bonds are outstanding an
|
0009| ad valorem tax on all property in the state subject to property
|
0010| taxation for state purposes sufficient to pay the interest as
|
0011| it becomes due on the bonds, together with an amount sufficient
|
0012| to provide a sinking fund to pay the principal of the bonds as
|
0013| it becomes due and, if permitted by law, ad valorem taxes may
|
0014| be collected to pay administrative costs incident to the
|
0015| collection of such taxes. The taxes shall be imposed, levied,
|
0016| assessed and collected at the times and in the manner that
|
0017| other property taxes for state purposes are imposed, levied,
|
0018| assessed and collected. It is the duty of all tax officials
|
0019| and authorities to cause these taxes to be imposed, levied,
|
0020| assessed and collected.
|
0021| Section 8. The state treasurer shall keep separate
|
0022| accounts of all money collected pursuant to the taxes imposed
|
0023| and levied pursuant to the provisions of the 1996 Capital
|
0024| Projects General Obligation Bond Act and shall use this money
|
0025| only for the purposes of paying the principal of and interest
|
0001| on the bonds as they become due and any expenses relating
|
0002| thereto.
|
0003| Section 9. Any owner of bonds issued pursuant to the
|
0004| provisions of the 1996 Capital Projects General Obligation Bond
|
0005| Act may, either at law or in equity, by suit, action or
|
0006| mandamus, enforce and compel the performance of the duties
|
0007| required by that act of any officer or entity mentioned in that
|
0008| act. The provisions of the 1996 Capital Projects General
|
0009| Obligation Bond Act constitute an irrepealable contract with
|
0010| the owners of any of the bonds issued pursuant to that act for
|
0011| the faithful performance of which the full faith and credit of
|
0012| the state of New Mexico is hereby pledged. Without reference
|
0013| to any other act of the legislature of the state, the 1996
|
0014| Capital Projects General Obligation Bond Act is full authority
|
0015| for the issuance and sale of the bonds authorized in that act,
|
0016| and such bonds shall have all the qualities of investment
|
0017| securities under the Uniform Commercial Code of the state,
|
0018| shall not be invalid for any irregularity or defect in the
|
0019| proceedings for the issuance and sale of the bonds and shall be
|
0020| incontestable in the hands of bona fide purchasers or holders
|
0021| thereof for value. All bonds issued under the provisions of
|
0022| the 1996 Capital Projects General Obligation Bond Act, and the
|
0023| interest thereon, are exempt from taxation by the state and any
|
0024| subdivision or public body thereof.
|
0025| Section 10. The proceeds from the sale of bonds issued
|
0001| under the provisions of the 1996 Capital Projects General
|
0002| Obligation Bond Act shall be distributed as follows for the
|
0003| purposes and in the amounts specified:
|
0004| A. for senior citizen facility construction,
|
0005| equipment and improvements, to the state agency on aging:
|
0006| (1) three hundred seventy-six thousand dollars
|
0007| ($376,000) for the purpose of renovating and making
|
0008| improvements to meet current codes and regulations regarding
|
0009| health, safety and accessibility at senior centers and meal
|
0010| sites located throughout the state;
|
0011| (2) one million twenty-nine thousand nine
|
0012| hundred dollars ($1,029,900) to be allocated to senior citizen
|
0013| centers and programs for the purpose of purchasing vehicles for
|
0014| senior citizen centers and programs located throughout the
|
0015| state;
|
0016| (3) two hundred twenty-one thousand one hundred
|
0017| dollars ($221,100) to be allocated to nutrition programs for
|
0018| the purpose of purchasing kitchen equipment for nutrition
|
0019| programs located throughout the state;
|
0020| (4) eight hundred two thousand dollars
|
0021| ($802,000) for the purpose of renovating and making
|
0022| improvements to senior centers and meal sites located
|
0023| throughout the state; and
|
0024| (5) one hundred thousand dollars ($100,000) for
|
0025| the purpose of constructing and equipping a south side senior
|
0001| citizen center located in Santa Fe county;
|
0002| B. for public educational capital improvements and
|
0003| acquisitions:
|
0004| (1) to the community college board of Santa Fe
|
0005| community college, two million dollars ($2,000,000) for the
|
0006| purpose of planning, designing, constructing and equipping an
|
0007| instructional technology center at Santa Fe community college
|
0008| located in Santa Fe county;
|
0009| (2) to the board of regents of northern New
|
0010| Mexico state school:
|
0011| (a) five hundred thousand dollars
|
0012| ($500,000) for the purpose of renovating, expanding and
|
0013| improving existing buildings at northern New Mexico state
|
0014| school at El Rito located in Rio Arriba county, including
|
0015| handicap access and infrastructure, sewer and water renovation,
|
0016| expansion and equipment; and
|
0017| (b) three hundred eighteen thousand four
|
0018| hundred ninety-five dollars ($318,495) to design, construct and
|
0019| equip a center for the arts at the Espanola branch of northern
|
0020| New Mexico state school in Rio Arriba county;
|
0021| (3) to the board of regents of New Mexico
|
0022| military institute, two million dollars ($2,000,000) to
|
0023| rebuild, expand and equip Saunders barracks;
|
0024| (4) to the governing board of Luna vocational-technical institute, six hundred fifty thousand dollars
|
0025| ($650,000) for the purpose of constructing an addition to,
|
0001| remodeling and landscaping the existing vocational agriculture
|
0002| facility for use as an early childhood education and
|
0003| permaculture center at the main campus located in San Miguel
|
0004| county;
|
0005| (5) to the board of regents of New Mexico
|
0006| highlands university:
|
0007| (a) five hundred thousand dollars
|
0008| ($500,000) to renovate and make improvements to the Lora Mangum
|
0009| Shield science building at New Mexico highlands university in
|
0010| San Miguel county; and
|
0011| (b) one million dollars ($1,000,000) for
|
0012| the purpose of renovating and expanding Douglas hall on the
|
0013| campus of New Mexico highlands university in San Miguel county;
|
0014| (6) to the board of regents of New Mexico state
|
0015| university, nine million four hundred thousand dollars
|
0016| ($9,400,000) to design, construct and equip the center for
|
0017| sustainable development of arid lands at New Mexico state
|
0018| university located in Dona Ana county;
|
0019| (7) to the board of regents of the university of
|
0020| New Mexico:
|
0021| (a) one million five hundred thousand
|
0022| dollars ($1,500,000) to plan, design, construct, renovate,
|
0023| equip and make improvements to certain instructional facilities
|
0024| on the main campus located in Bernalillo county; and
|
0025| (b) five hundred thousand dollars
|
0001| ($500,000) to plan and design a new architecture and planning
|
0002| building at the university of New Mexico in Albuquerque in
|
0003| Bernalillo county;
|
0004| (8) to the governing board of New Mexico junior
|
0005| college, one million two hundred thousand dollars ($1,200,000)
|
0006| to plan, design, construct and equip a transportation training
|
0007| center located in Lea county;
|
0008| (9) to the governing board of San Juan college,
|
0009| five hundred thousand dollars ($500,000) to design, construct
|
0010| and equip an advanced technology center at San Juan college
|
0011| located in San Juan county;
|
0012| (10) to the board of regents of western New
|
0013| Mexico university:
|
0014| (a) nine hundred thousand dollars
|
0015| ($900,000) to renovate the Watts classroom building on the
|
0016| campus of western New Mexico university located in Grant
|
0017| county; and
|
0018| (b) five hundred thousand dollars
|
0019| ($500,000) to design, renovate or remodel the fine arts
|
0020| auditorium on the campus of western New Mexico university
|
0021| located in Grant county;
|
0022| (11) to the governing board of Albuquerque
|
0023| technical-vocational institute, three million dollars
|
0024| ($3,000,000) for the purpose of planning, designing and
|
0025| constructing a support services building for Albuquerque
|
0001| technical-vocational institute located in Bernalillo county;
|
0002| (12) to the board of regents of New Mexico
|
0003| institute of mining and technology, four million five hundred
|
0004| thousand dollars ($4,500,000) to renovate and to design,
|
0005| construct and equip a new addition to Jones Hall on the New
|
0006| Mexico institute of mining and technology campus located in
|
0007| Socorro county;
|
0008| (13) to the board of regents of eastern New
|
0009| Mexico university, two million dollars ($2,000,000) to remodel
|
0010| the education building on the eastern New Mexico university
|
0011| campus located in Roosevelt county;
|
0012| (14) to the governing board of Clovis community
|
0013| college, one million one hundred thousand dollars ($1,100,000)
|
0014| to plan, design and construct a new classroom addition and to
|
0015| renovate the college library on the Clovis community college
|
0016| campus located in Curry county;
|
0017| (15) to the public school capital improvements
|
0018| fund, five million dollars ($5,000,000) for the purpose of
|
0019| carrying out the provisions of the Public School Capital
|
0020| Improvements Act; and
|
0021| (16) to the public school capital outlay fund,
|
0022| twenty-one million five hundred thousand dollars ($21,500,000)
|
0023| to be allocated by the public school capital outlay council to
|
0024| carry out the provisions of the Public School Capital Outlay
|
0025| Act;
|
0001| C. for state fair renovation and improvements, nine
|
0002| hundred thousand dollars ($900,000) for the purpose of
|
0003| renovating and making improvements to the state fairgrounds
|
0004| located in Bernalillo county;
|
0005| D. for juvenile correctional and rehabilitative
|
0006| facilities, five million dollars ($5,000,000) to the property
|
0007| control division of the general services department to plan,
|
0008| design, construct and equip juvenile correctional and
|
0009| rehabilitative facilities; and
|
0010| E. for land acquisition, one million dollars
|
0011| ($1,000,000) to the energy, minerals and natural resources
|
0012| department for the purpose of acquiring land for Petroglyph
|
0013| national monument located in Bernalillo county.
|
0014| Section 11. Except as otherwise provided in the 1996
|
0015| Capital Projects General Obligation Bond Act, bonds issued
|
0016| pursuant to that act shall be submitted to the registered
|
0017| voters of the state at the general election to be held in
|
0018| November 1996 and, if they receive a majority of all the votes
|
0019| cast thereon at such election, shall take effect upon
|
0020| certification of the state canvassing board announcing the
|
0021| results of that election. No bonds shall be issued or sold
|
0022| under the 1996 Capital Projects General Obligation Bond Act
|
0023| until the registered voters of this state have voted upon and
|
0024| approved the bonds and property tax imposition as provided in
|
0025| this section. Any bonds issued under that act shall be issued
|
0001| within twenty-six months from the date of the general election.
|
0002|
|
0003| The ballots used at the 1996 general election shall
|
0004| contain substantially the following language:
|
0005| A. "The 1996 Capital Projects General Obligation Bond
|
0006| Act authorizes the issuance and sale of senior citizen facility
|
0007| construction, improvements and equipment bonds. Shall the
|
0008| state of New Mexico be authorized to issue general obligation
|
0009| bonds in an amount not to exceed two million five hundred
|
0010| forty-four thousand one hundred five dollars ($2,544,105) to
|
0011| make capital expenditures for certain senior citizen facility
|
0012| construction improvements and equipment projects and provide
|
0013| for a general property tax imposition and levy for the payment
|
0014| of principal of, interest on and expenses incurred in
|
0015| connection with the issuance of the bonds and the collection of
|
0016| the tax as permitted by law?
|
0017| For__________________ Against_________________ ";
|
0018| B. "The 1996 Capital Projects General Obligation Bond
|
0019| Act authorizes the issuance and sale of public educational
|
0020| capital improvements and acquisitions bonds. Shall the state
|
0021| of New Mexico be authorized to issue general obligation bonds
|
0022| in an amount not to exceed fifty-eight million eight hundred
|
0023| sixty-one thousand three hundred thirty-seven dollars
|
0024| ($58,861,337) to make capital expenditures for certain public
|
0025| educational capital improvements and acquisitions and provide
|
0001| for a general property tax imposition and levy for payment of
|
0002| principal of, interest on, and expenses incurred in connection
|
0003| with the issuance of the bonds and the collection of the tax as
|
0004| permitted by law?
|
0005| For_________________ Against_______________";
|
0006| C. "The 1996 Capital Projects General Obligation Bond
|
0007| Act authorizes the issuance and sale of state fair capital
|
0008| improvements bonds. Shall the state of New Mexico be
|
0009| authorized to issue general obligation bonds in an amount not
|
0010| to exceed nine hundred fifteen thousand one hundred five
|
0011| dollars ($915,105) to make capital expenditures for
|
0012| improvements at the New Mexico state fairgrounds and provide
|
0013| for a general property tax imposition and levy for payment of
|
0014| principal of, interest on and expenses incurred in connection
|
0015| with the issuance of the bonds and the collection of the tax as
|
0016| permitted by law?
|
0017| For_________________ Against_______________";
|
0018| D. "The 1996 Capital Projects General Obligation Bond
|
0019| Act authorizes the issuance and sale of juvenile correctional
|
0020| and rehabilitative facilities bonds. Shall the state of New
|
0021| Mexico be authorized to issue general obligation bonds in an
|
0022| amount not to exceed five million twenty-five thousand dollars
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0023| ($5,025,000) to make capital expenditures for juvenile
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0024| correctional and rehabilitative facilities and provide for a
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0025| general property tax imposition and levy for payment of
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0001| principal of, interest on and expenses incurred in connection
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0002| with the issuance of the bonds and the collection of the tax as
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0003| permitted by law?
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0004| For___________ Against___________"; and
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0005| E. "The 1996 Capital Projects General Obligation Bond
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0006| Act authorizes the issuance and sale of land acquisition bonds.
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0007| Shall the state of New Mexico be authorized to issue general
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0008| obligation bonds in an amount not to exceed one million fifteen
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0009| thousand one hundred five dollars ($1,015,105) to make capital
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0010| expenditures for land acquisition for Petroglyph national
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0011| monument and provide for a general property tax imposition and
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0012| levy for payment of principal of, interest on and expenses
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0013| incurred in connection with the issuance of the bonds and the
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0014| collection of the tax as permitted by law?
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0015| For___________ Against___________".
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0016| Each question set forth in this section includes a
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0017| specific work or object to be financed by the bonds. If any
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0018| such question is not approved by a majority vote of the
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0019| electorate at the state's 1996 general election, the issuance
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0020| of bonds for the work or object specified by the question shall
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0021| be excluded from and shall not be part of the 1996 Capital
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0022| Projects General Obligation Bond Act. The failure of any
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0023| question to be approved by the electorate at the 1996 general
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0024| election shall not have any effect on the work or object
|
0025| specified by any other question approved by the electorate or
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0001| the provisions of the 1996 Capital Projects General Obligation
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0002| Bond Act relating to questions approved at the election.
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0003| The secretary of state shall include the submission of the
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0004| capital projects general obligation bonds to the people at the
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0005| 1996 general election, and it shall be included in the general
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0006| election proclamation of each of the county clerks.
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0007| The secretary of state shall not include the question of
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0008| whether to issue capital projects general obligation bonds for
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0009| the purpose of acquiring land for Petroglyph national monument,
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0010| as set forth in Section 11 of the 1996 Capital Projects General
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0011| Obligation Bond Act, on the general election proclamation or on
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0012| the general election ballot unless, prior to June 1, 1996, the
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0013| secretary of the interior certifies in writing to the secretary
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0014| of state that the United States department of the interior will
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0015| assist in the expedited construction of certain portions of the
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0016| Paseo del Norte extension project and that the United States
|
0017| department of the interior will work in good faith to eliminate
|
0018| all federal impediments to the construction of that extension.
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0019| The secretary of state shall cause the 1996 Capital
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0020| Projects General Obligation Bond Act to be published in full in
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0021| at least one newspaper in each county of the state, if one is
|
0022| published therein, once each week for four successive weeks
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0023| next preceding the general election as required by the
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0024| constitution of New Mexico.
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0025| Section 12. ART IN PUBLIC PLACES.--Pursuant to Section
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0001| 13-4A-4 NMSA 1978 and where applicable, the appropriations
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0002| authorized in the 1996 Capital Projects General Obligation Bond
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0003| Act include one percent for the art in public places fund.
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0004| Section 13. SEVERABILITY.--If any part or application of
|
0005| the 1996 Capital Projects General Obligation Bond Act is held
|
0006| invalid, the remainder or its application to other situations
|
0007| or persons shall not be affected.
|
0008| Section 14. EMERGENCY.--It is necessary for the public
|
0009| peace, health and safety that this act take effect immediately.
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0010|
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0011|
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0012| HTRC/HB 41
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0013| et al
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0014| Page
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