0001| SENATE BILL 492 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| JOHN PINTO | 0006| | 0007| | 0008| | 0009| | 0010| | 0011| AN ACT | 0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0013| SEVERANCE TAX BONDS TO BUILD AN ADDITION TO THE HUERFANO CHAPTER | 0014| SENIOR CENTER AND FUND CONSTRUCTION OF PHASES II AND III OF THE | 0015| HUERFANO CHAPTER MULTIPURPOSE BUILDING IN SAN JUAN COUNTY; | 0016| MAKING APPROPRIATIONS; DECLARING AN EMERGENCY. | 0017| | 0018| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0019| Section 1. SEVERANCE TAX BONDS--AUTHORIZATIONS-- | 0020| APPROPRIATION OF PROCEEDS.-- | 0021| A. The state board of finance may issue and sell | 0022| severance tax bonds in compliance with the Severance Tax Bonding | 0023| Act in an amount not to exceed the total of the amounts | 0024| authorized for purposes specified in Sections 2 and 3 of this | 0025| act. The state board of finance shall schedule the issuance and | 0001| sale of the bonds in the most expeditious and economical manner | 0002| possible upon a finding by the board that the project has been | 0003| developed sufficiently to justify the issuance and that the | 0004| project can proceed to contract within a reasonable time. The | 0005| state board of finance shall further take the appropriate steps | 0006| necessary to comply with the Internal Revenue Code of 1986, as | 0007| amended. Proceeds from the sale of the bonds are appropriated | 0008| for the purposes specified in Sections 2 and 3 of this act. | 0009| B. The agencies named in Sections 2 and 3 of this | 0010| act shall certify to the state board of finance when the money | 0011| from the proceeds of the severance tax bonds authorized in this | 0012| section is needed for the purposes specified in the applicable | 0013| section of this act. | 0014| C. If the specified agency has not certified the | 0015| need for the issuance of the bonds by the end of fiscal year | 0016| 1998, the authorization provided in this act shall be void. | 0017| D. Unless otherwise specified in this act, any | 0018| unexpended or unencumbered balance remaining from the proceeds | 0019| of severance tax bonds issued pursuant to Sections 2 and 3 of | 0020| this act at the end of fiscal year 1999 shall revert to the | 0021| severance tax bonding fund. | 0022| Section 2. SEVERANCE TAX BONDS--STATE AGENCY ON AGING--PURPOSE.--Pursuant to the provisions of Section 1 of this act, | 0023| upon certification by the state agency on aging that the need | 0024| exists for the issuance of the bonds, seventy-five thousand | 0025| dollars ($75,000) is appropriated to the state agency on aging | 0001| for the purpose of designing, constructing and equipping the | 0002| Huerfano chapter senior center in San Juan county. | 0003| Section 3. SEVERANCE TAX BONDS--NEW MEXICO OFFICE OF | 0004| INDIAN AFFAIRS--PURPOSE.--Pursuant to the provisions of Section | 0005| 1 of this act, upon certification by the New Mexico office of | 0006| Indian affairs that the need exists for the issuance of the | 0007| bonds, five hundred thousand dollars ($500,000) is appropriated | 0008| to the New Mexico office of Indian affairs for the purpose of | 0009| funding phase II and phase III construction of the Huerfano | 0010| chapter multipurpose building located in San Juan county. | 0011| Section 4. EMERGENCY.--It is necessary for the public | 0012| peace, health and safety that this act take effect immediately. | 0013|  | 0014| | 0015| FORTY-SECOND LEGISLATURE | 0016| SECOND SESSION, 1996 | 0017| | 0018| | 0019| JANUARY 30, 1996 | 0020| | 0021| Mr. President: | 0022| | 0023| Your COMMITTEES' COMMITTEE, to whom has been referred | 0024| | 0025| SENATE BILL 492 | 0001| | 0002| has had it under consideration and finds same to be GERMANE, PURSUANT | 0003| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND | 0004| CULTURAL AFFAIRS COMMITTEE. | 0005| | 0006| Respectfully submitted, | 0007| | 0008| | 0009| | 0010| | 0011| __________________________________ | 0012| SENATOR MANNY M. ARAGON, Chairman | 0013| | 0014| | 0015| | 0016| Adopted_______________________ Not Adopted_______________________ | 0017| (Chief Clerk) (Chief Clerk) | 0018| | 0019| | 0020| Date ________________________ | 0021| | 0022| | 0023| | 0024| S0492CC1 | 0025| | 0001| FORTY-SECOND LEGISLATURE | 0002| SECOND SESSION, 1996 | 0003| | 0004| | 0005| JANUARY 30, 1996 | 0006| | 0007| Mr. President: | 0008| | 0009| Your COMMITTEES' COMMITTEE, to whom has been referred | 0010| | 0011| SENATE BILL 492 | 0012| | 0013| has had it under consideration and finds same to be GERMANE, PURSUANT | 0014| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND | 0015| CULTURAL AFFAIRS COMMITTEE. | 0016| | 0017| Respectfully submitted, | 0018| | 0019| | 0020| | 0021| | 0022| __________________________________ | 0023| SENATOR MANNY M. ARAGON, Chairman | 0024| | 0025| | 0001| | 0002| Adopted_______________________ Not Adopted_______________________ | 0003| (Chief Clerk) (Chief Clerk) | 0004| | 0005| | 0006| Date ________________________ | 0007| | 0008| | 0009| | 0010| S0492CC1 | 0011| | 0012| FORTY-SECOND LEGISLATURE | 0013| SECOND SESSION, 1996 | 0014| | 0015| | 0016| February 1, 1996 | 0017| | 0018| Mr. President: | 0019| | 0020| Your INDIAN & CULTURAL AFFAIRS COMMITTEE, to whom has | 0021| been referred | 0022| | 0023| SENATE BILL 492 | 0024| | 0025| has had it under consideration and reports same with recommendation that | 0001| it DO PASS, and thence referred to the FINANCE COMMITTEE. | 0002| | 0003| Respectfully submitted, | 0004| | 0005| | 0006| | 0007| __________________________________ | 0008| John Pinto, Chairman | 0009| | 0010| | 0011| | 0012| Adopted_______________________ Not Adopted_______________________ | 0013| (Chief Clerk) (Chief Clerk) | 0014| | 0015| | 0016| | 0017| Date ________________________ | 0018| | 0019| | 0020| The roll call vote was 5 For 0 Against | 0021| Yes: 5 | 0022| No: 0 | 0023| Excused: Maes, McKibben & Kysar | 0024| Absent: None | 0025| | 0001| | 0002| S0492IC1 | 0003| |