0001| HOUSE JOINT RESOLUTION 15
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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| DANIEL P. SILVA
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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| A JOINT RESOLUTION
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0012| PROPOSING TO AMEND ARTICLE 9, SECTION 10 OF THE CONSTITUTION OF
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0013| NEW MEXICO TO AUTHORIZE COUNTY GOVERNMENTS TO BORROW MONEY FOR
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0014| THE PURCHASE OF EQUIPMENT FOR ROAD AND BRIDGE CONSTRUCTION AND
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0015| REPAIR.
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0016|
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0017| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018| Section 1. It is proposed to amend Article 9, Section 10
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0019| of the constitution of New Mexico to read:
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0020| "No county shall borrow money except for the following
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0021| purposes:
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0022| A. erecting, remodeling and making additions to
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0023| necessary public buildings;
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0024| B. constructing or repairing public roads and
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0025| bridges and purchasing equipment for such projects;
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0001| C. constructing or acquiring a system for supplying
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0002| water, including the acquisition of water and water rights,
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0003| necessary real estate or rights-of-way and easements;
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0004| D. constructing or acquiring a sewer system,
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0005| including the necessary real estate or rights-of-way and
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0006| easements;
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0007| E. constructing an airport or sanitary landfill,
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0008| including the necessary real estate; or
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0009| F. the purchase of books and other library resources
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0010| for libraries in the county.
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0011| In such cases, indebtedness shall be incurred only after
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0012| the proposition to create such debt has been submitted to the
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0013| registered voters of the county and approved by a majority of
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0014| those voting thereon. No bonds issued for such purpose shall
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0015| run for more than fifty years. Provided, however, that no money
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0016| derived from general obligation bonds issued and sold hereunder
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0017| shall be used for maintaining existing buildings and, if so,
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0018| such bonds shall be invalid."
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0019| Section 2. The amendment proposed by this resolution shall
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0020| be submitted to the people for their approval or rejection at
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0021| the next general election or at any special election prior to
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0022| that date which may be called for that purpose.
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0023| State of New Mexico
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0024| House of Representatives
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0025|
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0001| FORTY-SECOND LEGISLATURE
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0002| SECOND SESSION, 1996
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0003|
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0004|
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0005| February 8, 1996
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0006|
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0007|
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0008| Mr. Speaker:
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0009|
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0010| Your VOTERS AND ELECTIONS COMMITTEE, to whom has
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0011| been referred
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0012|
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0013| HOUSE JOINT RESOLUTION 15
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0014|
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0015| has had it under consideration and reports same with
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0016| recommendation that it DO PASS, and thence referred to the
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0017| TRANSPORTATION COMMITTEE.
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0018|
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0019| Respectfully submitted,
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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| Edward C. Sandoval, Chairman
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0025|
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0001|
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0002| Adopted Not Adopted
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0003|
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0004| (Chief Clerk) (Chief Clerk)
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0005|
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0006| Date
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0007|
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0008| The roll call vote was 8 For 3 Against
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0009| Yes: 8
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0010| No: Buffett, Nicely, Weeks
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0011| Excused: Lujan
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0012| Absent: None
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0013|
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0014|
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0015|
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0016|
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0017| HJR15VE1
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