0001| HOUSE BILL 16
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0002| 43RD LEGISLATURE - STATE OF NEW MEXICO - FIRST SPECIAL SESSION, 1998
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0003| INTRODUCED BY
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0004| William E. Porter
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0005|
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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| AN ACT
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0011| MAKING APPROPRIATIONS TO THE SPACE COMMERCIALIZATION DIVISION
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0012| OF THE ECONOMIC DEVELOPMENT DEPARTMENT TO DEVELOP A PROPOSAL
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0013| AND PROVIDE MATCHING FUNDS FOR CONSTRUCTION OF A SPACEPORT
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0014| SITE FOR REUSABLE LAUNCH VEHICLES; DECLARING AN EMERGENCY.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. APPROPRIATION.--Three hundred eighty thousand
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0018| dollars ($380,000) is appropriated from the general fund to
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0019| the space commercialization division of the economic
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0020| development department for expenditure in fiscal years 1998
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0021| and 1999 to secure New Mexico as designee for development of a
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0022| spaceport site for reusable aerospace launch vehicles. Any
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0023| unexpended or unencumbered balance remaining at the end of
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0024| fiscal year 1999 shall revert to the general fund.
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0025| Section 2. APPROPRIATION--CONTINGENCY.--Eight million
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0001| six hundred thousand dollars ($8,600,000) is appropriated from
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0002| the general fund operating reserve to the space
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0003| commercialization division of the economic development
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0004| department for expenditure in fiscal year 1999 or in any
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0005| succeeding fiscal year to provide matching funds not to exceed
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0006| ten percent of the costs of designing and constructing roads,
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0007| runways and other infrastructure for a spaceport site
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0008| contingent upon receipt of the remaining funds for such design
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0009| and construction from private or federal sources, and upon
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0010| selection of New Mexico for development of a spaceport site
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0011| for reusable aerospace launch vehicles. The disbursement of
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0012| any amount of the appropriation is contingent upon
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0013| certification by the secretary of finance and administration
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0014| and notification of the legislative finance committee that the
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0015| disbursement represents not more than ten percent of the
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0016| proposed expenditure; that a matching amount of private or
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0017| federal funds equal to at least ninety percent of the proposed
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0018| expenditure is available within twelve months of the
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0019| disbursement; and that the contracts for the proposed design
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0020| or construction are pending and can be executed upon receipt
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0021| of the money. Any unexpended or unencumbered balance
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0022| remaining from this appropriation on July 1, 2005 shall remain
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0023| in the general fund operating reserve.
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0024| Section 3. EMERGENCY.--It is necessary for the public
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0025| peace, health and safety that this act take effect
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0001| immediately.
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0002|
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