0001| SENATE BILL 1 | 0002| 43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998 | 0003| INTRODUCED BY | 0004| JOSEPH A. FIDEL | 0005| | 0006| | 0007| | 0008| | 0009| | 0010| AN ACT | 0011| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0012| SEVERANCE TAX BONDS; REAUTHORIZING UNEXPENDED OR UNENCUMBERED | 0013| BALANCES; CHANGING THE PURPOSES OF CERTAIN BOND AUTHORIZATIONS; | 0014| EXTENDING EXPENDITURE PERIODS; MAKING APPROPRIATIONS; DECLARING | 0015| AN EMERGENCY. | 0016| | 0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0018| Section 1. SEVERANCE TAX BONDS--AUTHORIZATIONS-- | 0019| APPROPRIATION OF PROCEEDS.-- | 0020| A. The state board of finance may issue and sell | 0021| severance tax bonds in compliance with the Severance Tax | 0022| Bonding Act in an amount not to exceed the total of the amounts | 0023| authorized for purposes specified in this act. The state board | 0024| of finance shall schedule the issuance and sale of the bonds in | 0025| the most expeditious and economical manner possible upon a | - 1 - 0001| finding by the board that the project has been developed | 0002| sufficiently to justify the issuance and that the project can | 0003| proceed to contract within a reasonable time. The state board | 0004| of finance shall further take the appropriate steps necessary | 0005| to comply with the Internal Revenue Code of 1986, as amended. | 0006| Proceeds from the sale of the bonds are appropriated for the | 0007| purposes specified in this act. | 0008| B. The agencies named in this act shall certify to | 0009| the state board of finance when the money from the proceeds of | 0010| the severance tax bonds authorized in this section is needed | 0011| for the purposes specified in the applicable section of this | 0012| act. | 0013| C. If the specified agency has not certified the | 0014| need for the issuance of the bonds by the end of fiscal year | 0015| 2000, the authorization provided in this act shall be void. | 0016| D. Unless otherwise specified in this act, any | 0017| unexpended or unencumbered balance remaining from the proceeds | 0018| of severance tax bonds issued pursuant to this act at the end | 0019| of fiscal year 2002 shall revert to the severance tax bonding | 0020| fund. | 0021| Section 2. SEVERANCE TAX BONDS--OFFICE OF CULTURAL | 0022| AFFAIRS--PURPOSE.--Pursuant to the provisions of Section 1 of | 0023| this act, upon certification by the office of cultural affairs | 0024| that the need exists for the issuance of the bonds, one | 0025| million dollars ($1,000,000) is appropriated to the office of | - 2 - 0001| cultural affairs to renovate or make improvements to state | 0002| museums and facilities located throughout the state to comply | 0003| with the Americans with Disabilities Act of 1990. | 0004| Section 3. SEVERANCE TAX BONDS--SUPREME COURT BUILDING | 0005| COMMISSION--PURPOSE. -Pursuant to the provisions of Section 1 | 0006| of this act, upon certification by the supreme court building | 0007| commission that the need exists for the issuance of the bonds, | 0008| six hundred thousand dollars ($600,000) is appropriated to the | 0009| supreme court building commission to plan, design and make | 0010| improvements to the supreme court building in Santa Fe county | 0011| to comply with the Americans with Disabilities Act of 1990. | 0012| Section 4. SEVERANCE TAX BONDS--PUBLIC SCHOOL CAPITAL | 0013| OUTLAY COUNCIL--PURPOSE.--Pursuant to the provisions of | 0014| Section 1 of this act, upon certification by the public school | 0015| capital outlay council that the need exists for the issuance | 0016| of the bonds, five million dollars ($5,000,000) is | 0017| appropriated to the public school capital outlay fund to carry | 0018| out the provisions of the Public School Capital Outlay Act. | 0019| Section 5. GENERAL FUND--EDUCATIONAL TECHNOLOGY FUND-- | 0020| PURPOSE.--Six hundred thousand dollars ($600,000) is | 0021| appropriated from the general fund to the educational | 0022| technology fund for expenditure in fiscal year 1998 and | 0023| subsequent fiscal years for the purpose of implementing the | 0024| provisions of the Technology for Education Act. Any | 0025| unexpended or unencumbered balance remaining at the end of any | - 3 - 0001| fiscal year shall not revert to the general fund. | 0002| Section 6. REAUTHORIZATION -GENERAL SERVICES DEPARTMENT-- | 0003| EXTENDING EXPENDITURE PERIOD--CHANGE IN PURPOSE.-- | 0004| Notwithstanding the provisions of Subsection D of Section 1 of | 0005| Chapter 148 of Laws 1994, the balance of the proceeds from the | 0006| sale of severance tax bonds appropriated to the general | 0007| services department pursuant to Subsection C of Section 13 of | 0008| Chapter 148 of Laws 1994 to plan and design a facility to | 0009| replace Meadows hospital in Las Vegas located in San Miguel | 0010| county shall not be expended for its original purpose but is | 0011| reauthorized and appropriated to the property control division | 0012| of the general services department to plan, design, renovate | 0013| and make improvements to state buildings located throughout the | 0014| state. The period of time in which this appropriation may be | 0015| expended is extended through fiscal year 2002. Any unexpended | 0016| or unencumbered balance remaining from the proceeds of the | 0017| bonds at the end of fiscal year 2002 shall revert to the | 0018| severance tax bonding fund. | 0019| Section 7. PROJECT SCOPE--EXPENDITURES.--If an | 0020| appropriation for a project authorized in this act is not | 0021| sufficient to complete all the purposes specified, the | 0022| appropriation may be expended for any portion of the purposes | 0023| specified in the appropriation. Expenditures shall not be made | 0024| for purposes other than those specified in the appropriation. | 0025| Section 8. ART IN PUBLIC PLACES.--Pursuant to Section | - 4 - 0001| 13-4A-4 NMSA 1978 and where applicable, the appropriations | 0002| authorized in this act include one percent for the art in | 0003| public places fund. | 0004| Section 9. EMERGENCY.--It is necessary for the public | 0005| peace, health and safety that this act take effect immediately. | 0006|  |