RELATING TO CAPITAL PROJECTS; REVOKING LEGISLATIVE AUTHORIZATION TO THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FROM THE PUBLIC PROJECT REVOLVING FUND FOR CERTAIN PUBLIC PROJECTS; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. PUBLIC PROJECT REVOLVING FUND LOAN--REVOCATION OF LEGISLATIVE AUTHORIZATION.--The legislative authorization granted to the New Mexico finance authority, pursuant to the provisions of Section 6-21-6 NMSA 1978, to make loans from the public project revolving fund is revoked with respect to the following qualified entities for the specified public projects:

A. McKinley county for a public building project as specified in Subsection D of Section 1 of Chapter 187 of Laws 1995;

B. the city of Rio Rancho for a public safety building project as specified in Subsection Q of Section 1 of Chapter 187 of Laws 1995;

C. the city of Las Cruces for a building project as specified in Subsection W of Section 1 of Chapter 187 of Laws 1995;

D. the village of Capitan for a water project as specified in Subsection X of Section 1 of Chapter 187 of Laws 1995;

E. Santa Fe county for a recreational facility project, a detention facility project and a solid waste project as specified in Subsection B of Section 1 of Chapter 8 of Laws 1996 (S.S.);

F. McKinley county for a public health clinic project as specified in Subsection G of Section 1 of Chapter 8 of Laws 1996 (S.S.);

G. Valencia county for a solid waste project as specified in Subsection J of Section 1 of Chapter 8 of Laws 1996 (S.S.);

H. the village of Columbus for a solid waste project as specified in Subsection M of Section 1 of Chapter 8 of Laws 1996 (S.S.);

I. the city of Raton for a solid waste project as specified in Subsection P of Section 1 of Chapter 8 of Laws 1996 (S.S.);

J. the town of Hagerman to purchase water rights as specified in Subsection Z of Section 1 of Chapter 8 of Laws 1996 (S.S.);

K. New Mexico state university for a center for sustainable development of arid lands as specified in Subsection BB of Section 1 of Chapter 8 of Laws 1996 (S.S.);

L. the city of Rio Rancho for a youth complex as specified in Subsection CC of Section 1 of Chapter 8 of Laws 1996 (S.S.); and

M. the city of Rio Rancho for a wastewater project as specified in Subsection H of Section 1 of Chapter 166 of Laws 1997.

Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

HB 227

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