RELATING TO CAPITAL EXPENDITURES; MAKING AN APPROPRIATION FOR CRITICAL OUTLAY NEEDS OF SCHOOL DISTRICTS PURSUANT TO THE PUBLIC SCHOOL CAPITAL OUTLAY ACT; GIVING PREFERENCE TO THE CAPITAL NEEDS OF THE ZUNI SCHOOL DISTRICT; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--Five million dollars ($5,000,000) is appropriated from the general fund to the public school capital outlay fund for expenditure in fiscal years 1998 through 2000 for allocation to public schools for critical capital outlay needs pursuant to the Public School Capital Outlay Act. The public school capital outlay council shall give preference to the capital needs of the Zuni school district in McKinley county. Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund.

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

HB 26

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