SENATE BILL 291
52nd legislature - STATE OF NEW MEXICO - first session, 2015
INTRODUCED BY
Carlos R. Cisneros
AN ACT
RELATING TO CAPITAL EXPENDITURES; REAUTHORIZING OR REAPPROPRIATING BALANCES, EXPANDING OR CHANGING PURPOSES, EXTENDING EXPENDITURE PERIODS, CHANGING AGENCIES AND ESTABLISHING CONDITIONS FOR THE REVERSION OF UNEXPENDED BALANCES OF APPROPRIATIONS MADE BY THE LEGISLATURE IN PRIOR YEARS; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. SEVERANCE TAX BONDS--REVERSION OF PROCEEDS.--
A. Except as otherwise provided in another section of this act:
(1) the unexpended balance from the proceeds of severance tax bonds issued for a project that has been reauthorized in this act shall revert to the severance tax bonding fund:
(a) at the end of the expenditure period as set forth in this act, if the expenditure period is changed in this act; or
(b) if the expenditure period is not changed in this act, pursuant to the time frame set forth in the law that originally authorized the severance tax bonds or the time frame set forth in any law that has previously reauthorized the expenditure of the proceeds, whichever is later; and
(2) all remaining balances from the proceeds of severance tax bonds issued for a project that has been reauthorized in this act shall revert to the severance tax bonding fund three months after the reversion date for the unexpended balances.
B. For the purpose of this section, "unexpended balance" means the remainder of an appropriation after reserving for unpaid costs and expenses covered by binding written obligations to third parties.
SECTION 2. GENERAL FUND AND OTHER FUND APPROPRIATIONS--REVERSIONS.--
A. Except as otherwise provided in another section of this act:
(1) the unexpended balance of an appropriation from the general fund or other state fund that has been changed in this act shall revert:
(a) at the end of the expenditure period as set forth in this act, if the expenditure period is changed in this act; or
(b) if the expenditure period is not changed in this act, pursuant to the time frame set forth in the law in which the original appropriation was made or the time frame set forth in any law that has previously changed the appropriation, whichever is later; and
(2) all remaining balances of an appropriation from the general fund or other state fund that has been changed in this act shall revert three months after the reversion date for the unexpended balance.
B. Except as provided in Subsection C of this section, the balance of an appropriation made from the general fund or other state fund shall revert pursuant to Subsection A of this section to the originating fund.
C. The balance of an appropriation made from the general fund or other state fund to the Indian affairs department or the aging and long-term services department for a project located on lands of an Indian nation, tribe or pueblo shall revert pursuant to Subsection A of this section to the tribal infrastructure project fund.
D. For the purpose of this section, "unexpended balance" means the remainder of an appropriation after reserving for unpaid costs and expenses covered by binding written obligations to third parties.
SECTION 3. PASEO DEL VOLCAN LOOP BYPASS ROAD--CHANGE SECTION OF ROAD--SEVERANCE TAX BONDS.--The unexpended balance of the appropriation to the department of transportation in Subsection 54 of Section 36 of Chapter 226 of Laws 2013 to acquire rights of way for and to plan, design and construct Paseo del Volcan loop bypass road from Unser boulevard to New Mexico highway 550 shall not be expended for the original purpose but is changed to acquire rights of way for and to plan, design and construct Paseo del Volcan loop bypass road from Unser boulevard to interstate 40 in Bernalillo and Sandoval counties.
SECTION 4. NORTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT BROADBAND INFRASTRUCTURE IMPROVEMENTS--CHANGE AGENCY--SEVERANCE TAX BONDS.--The unexpended balance of the appropriation to the department of information technology in Subsection 1 of Section 20 of Chapter 66 of Laws 2014 to plan, design and construct a high-speed broadband infrastructure network into Bernalillo and Sandoval counties and rural northern New Mexico to integrate with the existing regional economic development initiative net open access network in north central New Mexico is appropriated to the local government division of the department of finance and administration.
SECTION 5. NAVAJO NATION SAN JUAN RIVER DINEH WATER USERS IRRIGATION SYSTEMS--CHANGE TO BACKHOE--SEVERANCE TAX BONDS.-- The unexpended balance of the appropriation to the Indian affairs department in Subsection 30 of Section 19 of Chapter 66 of Laws 2014 to plan, design and construct improvements to irrigation systems for the San Juan River Dineh water users, incorporated, on the Navajo Nation in San Juan county shall not be expended for the original purpose but is changed to purchase and equip a backhoe for the San Juan River Dineh water users, incorporated.
SECTION 6. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.
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