HB 1268
Page 1
AN ACT
RELATING TO PUBLIC BUILDINGS; TRANSFERRING INCOME AND
DISTRIBUTIONS CREDITABLE TO THE CAPITOL BUILDINGS REPAIR
FUND; AUTHORIZING THE ISSUANCE OF REVENUE BONDS; AMENDING AND
ENACTING CERTAIN SECTIONS OF THE NMSA 1978; CREATING A LONG-
RANGE PLANNING COMMISSION FOR STATE BUILDINGS IN SANTA FE;
MAKING APPROPRIATIONS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. NEW MEXICO FINANCE AUTHORITY REVENUE BONDS-
-PURPOSE--CERTIFICATION--APPROPRIATION.--
A. The New Mexico finance authority may issue and
sell in installments or at one time revenue bonds in
compliance with the New Mexico Finance Authority Act in an
amount not to exceed ten million one hundred fifty-five
thousand dollars ($10,155,000) for the purpose of repairing,
remodeling, constructing and equipping a state building
located adjacent to the state capitol in Santa Fe known as
the New Mexico state library and for relocation-associated
renovations in the state capitol.
B. Monthly, all income and distributions
creditable to the capitol buildings repair fund shall be
distributed by the state treasurer to the New Mexico finance
authority and are appropriated to the authority to be pledged
irrevocably for the payment of the principal, interest, any