0001| SENATE BILL 102
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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| GLORIA HOWES
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0006|
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0007|
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0008| FOR THE INDIAN AFFAIRS COMMITTEE
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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 PURCHASE, TRANSPORT, INSTALL AND EQUIP
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0014| MODULAR UNITS FOR A HEADSTART CLASSROOM BUILDING AT TSAYATOH IN
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0015| MCKINLEY COUNTY; MAKING AN APPROPRIATION; DECLARING AN
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0016| 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 two hundred eighty-five thousand dollars ($285,000) when the New Mexico office of
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0022| Indian affairs certifies the need for the issuance of the bonds.
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0023| The state board of finance shall schedule the issuance and sale
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0024| of the bonds in the most expeditious and economical manner
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0025| possible upon a finding by the board that the project has been
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0001| developed sufficiently to justify the issuance and that the
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0002| project can proceed to contract within a reasonable time. The
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0003| state board of finance shall further take the appropriate steps
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0004| necessary to comply with the Internal Revenue Code of 1986, as
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0005| amended. The proceeds from the sale of the bonds are
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0006| appropriated to the New Mexico office of Indian affairs for the
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0007| purpose of purchasing, transporting, installing and equipping
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0008| modular units for a headstart classroom building at Tsayatoh
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0009| located in McKinley county. Any unexpended or unencumbered
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0010| balance remaining at the end of fiscal year 1999 shall revert to
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0011| the severance tax bonding fund. If the New Mexico office of
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0012| Indian affairs has not certified the need for the issuance of
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0013| the bonds by the end of fiscal year 1998, the authorization
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0014| provided in this section shall be void.
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0015| Section 2. EMERGENCY.--It is necessary for the public
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0016| peace, health and safety that this act take effect immediately.
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0017|
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0018|
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0019| FORTY-SECOND LEGISLATURE
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0020| SECOND SESSION, 1996
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0021|
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0022|
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0023| JANUARY 22, 1996
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0024|
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0025| Mr. President:
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0001|
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0002| Your COMMITTEES' COMMITTEE, to whom has been referred
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0003|
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0004| SENATE BILL 102
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0005|
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0006| has had it under consideration and finds same to be GERMANE, PURSUANT
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0007| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND
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0008| CULTURAL AFFAIRS COMMITTEE.
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0009|
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0010| Respectfully submitted,
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0011|
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0012|
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0013|
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0014|
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0015| __________________________________
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0016| SENATOR MANNY M. ARAGON, Chairman
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0017|
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0018|
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0019|
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0020| Adopted_______________________ Not Adopted_______________________
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0021| (Chief Clerk) (Chief Clerk)
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0022|
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0023|
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0024| Date ________________________
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0025|
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0001|
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0002|
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0003| S0102CC1
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0004|
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0005| FORTY-SECOND LEGISLATURE
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0006| SECOND SESSION, 1996
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0007|
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0008|
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0009| January 25, 1996
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0010|
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0011| Mr. President:
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0012|
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0013| Your INDIAN & CULTURAL AFFAIRS COMMITTEE, to whom has
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0014| been referred
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0015|
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0016| SENATE BILL 102
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0017|
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0018| has had it under consideration and reports same with recommendation that
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0019| it DO PASS, and thence referred to the FINANCE COMMITTEE.
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0020|
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0021| Respectfully submitted,
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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| John Pinto, Chairman
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0002|
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0003|
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0004|
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0005| Adopted_______________________ Not Adopted_______________________
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0006| (Chief Clerk) (Chief Clerk)
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0007|
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0008|
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0009| Date ________________________
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0010|
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0011|
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0012| The roll call vote was 7 For 0 Against
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0013| Yes: 7
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0014| No: 0
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0015| Excused: Rutherford
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0016| Absent: none
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0017|
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0018|
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0019| S0102IC1
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0020|
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0021|
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