44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF SEVERANCE TAX BONDS; REAUTHORIZING UNEXPENDED OR UNENCUMBERED BALANCES; CHANGING THE PURPOSE OF CERTAIN BOND AUTHORIZATIONS; EXTENDING THE EXPENDITURE PERIODS; MAKING APPROPRIATIONS; DECLARING AN EMERGENCY.

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

Section 1. SEVERANCE TAX BONDS--AUTHORIZATIONS--

APPROPRIATION OF PROCEEDS.--

A. The state board of finance may issue and sell severance tax bonds in compliance with the Severance Tax Bonding Act in an amount not to exceed the total of the amounts authorized for purposes specified in this act. The state board of finance shall schedule the issuance and sale of the bonds in the most expeditious and economical manner possible upon a finding by the board that the project has been developed sufficiently to justify the issuance and that the project can proceed to contract within a reasonable time. The state board of finance shall further take the appropriate steps necessary to comply with the Internal Revenue Code of 1986, as amended. Proceeds from the sale of the bonds are appropriated for the purposes specified in this act.

B. The agencies named in this act shall certify to the state board of finance when the money from the proceeds of the severance tax bonds authorized in this section is needed for the purposes specified in the applicable section of this act.

C. If the specified agency has not certified the need for the issuance of the bonds by the end of fiscal year 2001, the authorization provided in this act shall be void.

D. Unless otherwise specified in this act, any unexpended or unencumbered balance remaining from the proceeds of severance tax bonds issued pursuant to this act at the end of fiscal year 2003 shall revert to the severance tax bonding fund.

Section 2. SEVERANCE TAX BONDS--GENERAL SERVICES DEPARTMENT--PURPOSES.--Pursuant to the provisions of Section 1 of this act, upon certification by the property control division of the general services department that the need exists for the issuance of the bonds, the following amounts are appropriated to the capital program fund for the following purposes:

A. five hundred thousand dollars ($500,000) for repairs to state buildings located throughout the state; and

B. one million dollars ($1,000,000) to plan, design and make improvements to buildings located throughout the state, including necessary improvements to comply with the Americans With Disabilities Act of 1990.

Section 3. SEVERANCE TAX BONDS--DEPARTMENT OF ENVIRONMENT--PURPOSE.--Pursuant to the provisions of Section 1 of this act, upon certification by the department of environment that the need exists for the issuance of the bonds, five hundred thousand dollars ($500,000) is appropriated to the wastewater facility construction loan fund to carry out the provisions of the Wastewater Facility Construction Loan Act.

Section 4. MINERS' TRUST FUND--PURPOSES.--

A. Four hundred sixty-five thousand dollars ($465,000) is appropriated from the miners' trust fund to the miners' Colfax medical center for expenditure in fiscal years 1999 and 2000 in the following amounts for the following purposes:

(1) one hundred seventy thousand dollars ($170,000) for general hospital planning;

(2) thirty thousand dollars ($30,000) to purchase a radiology film processor;

(3) sixty thousand dollars ($60,000) for teleradiology upgrades;

(4) one hundred seventy-five thousand dollars ($175,000) for computer and technology repair and replacement related to year 2000 changes; and

(5) thirty thousand dollars ($30,000) for a surgery table.

B. Any unexpended or unencumbered balances remaining at the end of fiscal year 2000 shall revert to the miners' trust fund.

Section 5. SEVERANCE TAX BONDS--COMMISSION ON HIGHER EDUCATION--PURPOSES.--Pursuant to the provisions of Section 1 of this act, upon certification by the commission on higher education that the need exists for the issuance of the bonds, ten million dollars ($10,000,000) is appropriated to the commission on higher education for infrastructure improvements, including necessary replacements and expansions of aging centralized systems, at higher education institutions and constitutional special schools throughout the state.

Section 6. GENERAL FUND--EDUCATIONAL TECHNOLOGY FUND--PURPOSE.--Five hundred thousand dollars ($500,000) is appropriated from the general fund to the educational technology fund for expenditure in fiscal year 1999 and subsequent fiscal years for the purpose of implementing the provisions of the Technology for Education Act. Any unexpended or unencumbered balance remaining at the end of any fiscal year shall not revert.

Section 7. REAUTHORIZATION--SOIL AND WATER CONSERVATION DISTRICT--SEVERANCE TAX BONDS--EXPANSION OF PURPOSE.--The severance tax bonds proceeds appropriated to the board of regents of New Mexico state university pursuant to Subsection G of Section 25 of Chapter 118 of Laws 1998 to purchase or lease equipment for soil and water conservation district projects in Lea county may also be expended to acquire land and to design and construct a building for the soil and water conservation district in Lea county.

Section 8. PROJECT SCOPE--EXPENDITURES.--If an appropriation for a project authorized in this act is not sufficient to complete all the purposes specified, the appropriation may be expended for any portion of the purposes specified in the appropriation. Expenditures shall not be made for purposes other than those specified in the appropriation.

Section 9. ART IN PUBLIC PLACES.--Pursuant to Section 13-4A-4 NMSA 1978 and where applicable, the appropriations authorized in this act include one percent for the art in public places fund.

Section 10. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.