0001| HOUSE BILL 54 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| BEN LUJAN | 0006| | 0007| | 0008| | 0009| | 0010| | 0011| AN ACT | 0012| AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS BONDS TO | 0013| MAKE CAPITAL EXPENDITURES FOR STATE PUBLIC POST-SECONDARY | 0014| EDUCATIONAL INSTITUTION IMPROVEMENTS AND ACQUISITIONS; | 0015| PROVIDING FOR A TAX LEVY FOR PAYMENT OF INTEREST AND PRINCIPAL | 0016| OF THE BONDS; REQUIRING APPROVAL OF THE REGISTERED VOTERS AT THE | 0017| NEXT GENERAL ELECTION; DECLARING AN EMERGENCY. | 0018| | 0019| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0020| Section 1. This act may be cited as the "1996 Capital | 0021| Projects Bond Act". | 0022| Section 2. For the purpose of providing funds for capital | 0023| expenditures as authorized in the 1996 Capital Projects Bond | 0024| Act, indebtedness of the state is hereby authorized in an amount | 0025| not to exceed one hundred forty-seven million seventy-nine | 0001| thousand dollars ($147,079,000) as provided in Section 9 of the | 0002| 1996 Capital Projects Bond Act and as may be approved by the | 0003| voters of the state and the state board of finance. | 0004| Section 3. The state board of finance, except as otherwise | 0005| specifically provided in the 1996 Capital Projects Bond Act, | 0006| shall issue and sell capital projects bonds in compliance with | 0007| the provisions of Article 4, Section 16 of the constitution of | 0008| New Mexico and shall, in accordance with the provisions of the | 0009| Supplemental Public Securities Act, the Uniform Facsimile | 0010| Signature of Public Officials Act and the Public Securities | 0011| Short-Term Interest Rate Act, determine the form, payment dates | 0012| and manner of payment of capital projects bonds. | 0013| Section 4. The proceeds from the sale of the bonds shall | 0014| be expended solely for providing funds to be distributed in the | 0015| amounts and for the purposes set forth in Section 9 of the 1996 | 0016| Capital Projects Bond Act and to pay expenses incurred under the | 0017| provisions of Section 6 of that act. | 0018| Section 5. Bonds authorized by the 1996 Capital Projects | 0019| Bond Act shall be sold, after publication of notice in a | 0020| newspaper of statewide general circulation and in a recognized | 0021| financial journal published outside the state, at either private | 0022| or public sale for no less than par value and accrued interest | 0023| to date. The state board of finance may reject any and all bids | 0024| and waive any irregularity in a bid. | 0025| Section 6. The expenses incurred by the state board of | 0001| finance in or relating to the preparation and sale of the bonds | 0002| shall be paid out of the proceeds from the sale of the bonds. | 0003| Section 7. There is imposed and levied during each year in | 0004| which any of the bonds sold pursuant to the provisions of the | 0005| 1996 Capital Projects Bond Act are outstanding an ad valorem tax | 0006| on all property in the state subject to property taxation for | 0007| state purposes sufficient to pay the interest and principal on | 0008| such bonds as they become due. | 0009| Section 8. The provisions of the 1996 Capital Projects | 0010| Bond Act constitute an irrepealable contract with the holders of | 0011| any of the bonds issued pursuant to that act for the faithful | 0012| performance of which the full faith and credit of the state of | 0013| New Mexico is hereby pledged. All such bonds are exempt from | 0014| taxation by the state and any subdivision or public body | 0015| thereof. | 0016| Section 9. The proceeds from the sale of the 1996 capital | 0017| projects bonds issued under the provisions of the 1996 Capital | 0018| Projects Bond Act shall be distributed for state public | 0019| educational capital improvements and acquisitions to the | 0020| following agencies for the purposes and amounts specified: | 0021| A. to the commission on higher education: | 0022| (1) twelve million three hundred sixteen | 0023| thousand dollars ($12,316,000) to be allocated to state public | 0024| educational institutions located throughout the state for the | 0025| purpose of improving handicapped accessibility and life safety | 0001| requirements; | 0002| (2) five million dollars ($5,000,000) to be | 0003| allocated to public universities, colleges, schools, other | 0004| educational agencies and community groups for the purpose of | 0005| purchasing technology and equipment for the facilities located | 0006| throughout the state; and | 0007| (3) sixteen million two hundred sixty-three | 0008| thousand dollars ($16,263,000) to be allocated to state public | 0009| post-secondary educational institutions for the purpose of | 0010| renovating, updating and making improvements to the | 0011| infrastructure at the facilities located throughout the state; | 0012| B. to the board of regents of eastern New Mexico | 0013| university: | 0014| (1) three million three hundred sixty-five | 0015| thousand dollars ($3,365,000) to plan, design, construct, equip, | 0016| remodel and make improvements to the education building at the | 0017| main campus located in Roosevelt county; | 0018| (2) three million five hundred thousand dollars | 0019| ($3,500,000) to plan, design, construct, equip, renovate and | 0020| make improvements to Lea hall at the main campus located in | 0021| Roosevelt county; and | 0022| (3) four million six hundred eighty-seven | 0023| thousand dollars ($4,687,000) to plan, design, construct, equip | 0024| and remodel an addition to the instructional center at the | 0025| Roswell branch located in Chaves county; | 0001| C. to the board of regents of the university of New | 0002| Mexico: | 0003| (1) ten million dollars ($10,000,000) to plan, | 0004| design, construct, renovate, equip and make improvements to | 0005| certain instructional facilities on the main campus located in | 0006| Bernalillo county; | 0007| (2) one million three hundred fifty thousand | 0008| dollars ($1,350,000) to plan, design, construct and equip an | 0009| addition to the student services building at the Los Alamos | 0010| branch located in Los Alamos county; | 0011| (3) one million two hundred fifteen thousand | 0012| dollars ($1,215,000) to plan, design, construct and equip an | 0013| instructional laboratory facility at the Gallup branch located | 0014| in McKinley county; | 0015| (4) twenty-five million seven hundred thousand | 0016| dollars ($25,700,000) to plan, design, construct and equip a | 0017| science and technology complex at the main campus located in | 0018| Bernalillo county; and | 0019| (5) five hundred thousand dollars ($500,000) to | 0020| plan, design, construct and equip an architecture and planning | 0021| facility at the main campus located in Bernalillo county; | 0022| D. to the board of regents of western New Mexico | 0023| university: | 0024| (1) nine hundred fifty-three thousand dollars | 0025| ($953,000) to plan, design, remodel, make improvements to and | 0001| equip the Watts building located in Grant county; | 0002| (2) one million nine hundred twenty thousand | 0003| dollars ($1,920,000) to plan, design, renovate and equip the | 0004| auditorium located in Grant county; and | 0005| (3) six million two hundred thirty-seven | 0006| thousand dollars ($6,237,000) to plan, design, construct and | 0007| equip a computer science building located in Grant county; | 0008| E. to the board of regents of New Mexico institute | 0009| of mining and technology, six million four hundred fifty | 0010| thousand dollars ($6,450,000) to plan, design, construct an | 0011| addition to, renovate and equip Jones hall located in Socorro | 0012| county; | 0013| F. to the governing board of San Juan college, eight | 0014| hundred ten thousand dollars ($810,000) to plan, design, | 0015| construct and equip an advanced technology center located in San | 0016| Juan county; | 0017| G. to the governing board of Albuquerque technical- | 0018| vocational institute, four million dollars ($4,000,000) to plan, | 0019| design, construct and equip a service and operations center | 0020| located in Bernalillo county; | 0021| H. to the board of regents of New Mexico state | 0022| university: | 0023| (1) fifteen million ninety thousand dollars | 0024| ($15,090,000) to plan, design, construct and equip a center for | 0025| sustainable development of arid lands at the main campus located | 0001| in Dona Ana county; | 0002| (2) two million six hundred thousand dollars | 0003| ($2,600,000) to plan, design, renovate and equip Goddard hall at | 0004| the main campus located in Dona Ana county; | 0005| (3) two million one hundred twenty thousand | 0006| dollars ($2,120,000) to plan, design, construct and equip a | 0007| health and public services building at the Dona Ana branch | 0008| located in Dona Ana county; and | 0009| (4) three million two hundred forty-five | 0010| thousand dollars ($3,245,000) to plan, design, construct and | 0011| equip a multipurpose center at the Alamogordo branch located in | 0012| Otero county; | 0013| I. to the board of regents of New Mexico highlands | 0014| university: | 0015| (1) three million four hundred thousand dollars | 0016| ($3,400,000) to plan, design, renovate, construct an addition to | 0017| and equip the Douglas school located in San Miguel county; and | 0018| (2) five hundred thousand dollars ($500,000) to | 0019| plan, design, renovate and equip the industrial technology | 0020| building located in San Miguel county; | 0021| J. to the board of regents of northern New Mexico | 0022| state school: | 0023| (1) four hundred fifty thousand dollars | 0024| ($450,000) to plan, design, construct and equip phase three of | 0025| the center for the arts building located in Rio Arriba county; | 0001| and | 0002| (2) two million six hundred forty thousand | 0003| dollars ($2,640,000) to renovate, equip, expand and make | 0004| improvements at the El Rito campus located in Rio Arriba county; | 0005| K. to the community college board of Santa Fe | 0006| community college, three million seven hundred eleven thousand | 0007| dollars ($3,711,000) to plan, design, construct, renovate and | 0008| equip the instructional technology center located in Santa Fe | 0009| county; | 0010| L. to the governing board of Clovis community | 0011| college, one million one hundred thousand dollars ($1,100,000) | 0012| to plan, design, construct an addition to and renovate the | 0013| library located in Curry county; | 0014| M. to the governing board of New Mexico junior | 0015| college, five million two hundred thousand dollars ($5,200,000) | 0016| to plan, design, construct and equip a transportation training | 0017| center located in Lea county; and | 0018| N. to the governing board of Luna vocational-technical institute, two million seven hundred fifty-seven | 0019| thousand dollars ($2,757,000) to construct and equip an | 0020| instructional programs center located in San Miguel county. | 0021| Section 10. The question of whether to issue the bonds and | 0022| impose the tax pursuant to the 1996 Capital Projects Bond Act | 0023| shall be submitted to the registered voters of the state by the | 0024| secretary of state at the general election to be held in | 0025| November 1996, and if a majority of all the votes cast on the | 0001| question is in favor of the issuance of bonds and the imposition | 0002| of the tax, the bonds authorized in such question may be issued | 0003| after the state canvassing board certifies the results of the | 0004| election. | 0005| A ballot used in the 1996 general election shall contain | 0006| substantially the following language: | 0007| "The 1996 Capital Projects Bond Act authorizes the issuance | 0008| and sale of educational bonds. Shall the state of New Mexico be | 0009| authorized to issue general obligation bonds in an amount not to | 0010| exceed one hundred forty-seven million seventy-nine thousand | 0011| dollars ($147,079,000) to make capital expenditures for state | 0012| public post-secondary educational capital improvements and | 0013| acquisitions and to provide for a general property tax | 0014| imposition and levy for payment of the principal and interest on | 0015| the bonds as permitted by law? | 0016| For ______________ Against _____________". | 0017| Section 11. EMERGENCY.--It is necessary for the public | 0018| peace, health and safety that this act take effect immediately. | 0019|  |