0001| HOUSE BILL 45
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| MIMI STEWART
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0006|
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0007|
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0008|
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0009| FOR THE LEGISLATIVE EDUCATION STUDY COMMITTEE
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0010|
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0011| AN ACT
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0012| RELATING TO PUBLIC SCHOOL BUILDINGS; ALLOWING AN INCREASE OF A
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0013| PROPERTY TAX RATE AUTHORIZED FOR CAPITAL IMPROVEMENTS TO PUBLIC
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0014| SCHOOLS; AMENDING A SECTION OF THE PUBLIC SCHOOL BUILDINGS ACT.
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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. Section 22-26-7 NMSA 1978 (being Laws 1983,
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0018| Chapter 163, Section 7, as amended) is amended to read:
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0019| "22-26-7. IMPOSITION OF TAX--LIMITATIONS.--If as a result
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0020| of an election held in accordance with the Public School
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0021| Buildings Act a majority of the qualified electors voting on the
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0022| question [vote] votes in favor of the imposition of the tax,
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0023| the tax rate shall be certified, unless the local school board
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0024| directs that the tax levy not be made for the year, by the
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0025| department of finance and administration at the rate specified
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0001| in the authorizing resolution or at any lower rate required by
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0002| operation of the rate limitation provisions of Section 7-37-7.1
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0003| NMSA 1978 upon the rate specified in the authorizing resolution
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0004| or at any rate lower than the rate required by operation of the
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0005| rate limitation provisions of Section 7-37-7.1 NMSA 1978 if
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0006| directed by the local school board pursuant to Section 22-26-8
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0007| NMSA 1978, and the tax shall be imposed at the rate certified in
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0008| accordance with the provisions of the Property Tax Code. If in
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0009| any tax year the authorized tax rate under the Public School
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0010| Buildings Act, when added to the tax rates for servicing debt of
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0011| the school district and for capital improvements pursuant to the
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0012| Public School Capital Improvements Act, exceeds [ten dollars
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($10.00)] fifteen dollars ($15.00), or a lower amount that
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0014| would be required by applying the rate limitation provisions of
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0015| Section 7-37-7.1 NMSA 1978 to the amount of [ten dollars
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($10.00)] fifteen dollars ($15.00), on each one thousand
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0017| dollars ($1,000) of net taxable value of property allocated to
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0018| the school district under the Property Tax Code, the tax rate
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0019| under the Public School Buildings Act shall be reduced to an
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0020| amount [which] that, when added to such additional rates,
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0021| will equal [ten dollars ($10.00)] fifteen dollars ($15.00),
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0022| or the lower amount that would be required by applying the rate
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0023| limitation provisions of Section 7-37-7.1 NMSA 1978 to the
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0024| amount of [ten dollars ($10.00)] fifteen dollars ($15.00),
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0025| on each one thousand dollars ($1,000) of net taxable value of
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0001| property so allocated to the school district. The revenue pro-
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0002| duced by the tax and any state distribution resulting to the
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0003| district under the Public School Buildings Act shall be expended
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0004| only for capital improvements."
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0005| - 3 - State of New Mexico
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0006| House of Representatives
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0007|
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0008| FORTY-SECOND LEGISLATURE
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0009| SECOND SESSION, 1996
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0010|
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0011|
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0012| January 26, 1996
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0013|
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0014|
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0015| Mr. Speaker:
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0016|
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0017| Your TAXATION AND REVENUE COMMITTEE, to whom has
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0018| been referred
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0019|
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0020| HOUSE BILL 45
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0021|
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0022| has had it under consideration and reports same with
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0023| recommendation that it DO PASS, and thence referred to the
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0024| APPROPRIATIONS AND FINANCE COMMITTEE.
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0025|
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0001| Respectfully submitted,
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0002|
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0003|
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0004|
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0005|
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0006| Jerry W. Sandel, Chairman
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0007|
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0008|
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0009| Adopted Not Adopted
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0010|
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0011| (Chief Clerk) (Chief Clerk)
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0012|
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0013| Date
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0014|
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0015| The roll call vote was 11 For 0 Against
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0016| Yes: 11
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0017| Excused: Lujan
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0018| Absent: Gallegos
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0019|
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0020|
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0021|
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0022|
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0023| H0045TR1 State of New Mexico
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0024| House of Representatives
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0025|
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0001| FORTY-SECOND LEGISLATURE
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0002| SECOND SESSION, 1996
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0003|
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0004|
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0005| February 3, 1996
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0006|
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0007|
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0008| Mr. Speaker:
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0009|
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0010| Your APPROPRIATIONS AND FINANCE COMMITTEE, to
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0011| whom has been referred
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0012|
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0013| HOUSE BILL 45
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0014|
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0015| has had it under consideration and reports same with
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0016| recommendation that it DO PASS.
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0017|
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0018| Respectfully submitted,
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0019|
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0020|
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0021|
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0022|
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0023| Max Coll, Chairman
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0024|
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0025|
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0001| Adopted Not Adopted
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0002|
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0003| (Chief Clerk) (Chief Clerk)
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0004|
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0005| Date
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0006|
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0007| The roll call vote was 11 For 1 Against
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0008| Yes: 11
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0009| No: Bird
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0010| Excused: Buffett, Casey, Coll, Gentry, Martinez, Watchman
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0011| Absent: None
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0012|
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0013|
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0014|
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0015| H0045AF1
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0016|
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0017| FORTY-SECOND LEGISLATURE
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0018| SECOND SESSION, 1996
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0019|
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0020|
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0021| February 13, 1996
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0022|
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0023| Mr. President:
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0024|
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0025| Your WAYS AND MEANS COMMITTEE, to whom has been
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0001| referred
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0002|
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0003| HOUSE BILL 45
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0004|
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0005| has had it under consideration and reports same with
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0006| recommendation that it DO PASS.
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0007|
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0008| Respectfully submitted,
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0009|
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0010|
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0011|
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0012| __________________________________
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0013| TITO D. CHAVEZ, Chairman
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0014|
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0015|
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0016|
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0017| Adopted_______________________ Not Adopted_______________________
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0018| (Chief Clerk) (Chief Clerk)
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0019|
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0020|
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0021|
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0022| Date ________________________
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0023|
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0024|
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0025| The roll call vote was 4 For 3 Against
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0001| Yes: 4
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0002| No: Chavez, Rawson, Rhodes
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0003| Excused: Campos
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0004| Absent: None
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0005|
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0006|
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0007| H0045WM1
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0008|
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