0001| SENATE BILL 210
|
0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
|
0003| 1996
|
0004| INTRODUCED BY
|
0005| GLORIA HOWES
|
0006|
|
0007|
|
0008|
|
0009|
|
0010|
|
0011| AN ACT
|
0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
|
0013| SEVERANCE TAX BONDS TO COMPLETE CONSTRUCTION OF A SENIOR CITIZEN
|
0014| CENTER AT THE PUEBLO OF ZUNI IN MCKINLEY COUNTY; MAKING AN
|
0015| APPROPRIATION; DECLARING AN EMERGENCY.
|
0016|
|
0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
|
0018| Section 1. SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED--APPROPRIATION OF PROCEEDS.--The state board of finance may issue
|
0019| and sell severance tax bonds in compliance with the Severance
|
0020| Tax Bonding Act in an amount not exceeding four hundred twenty-six thousand dollars ($426,000) when the state agency on aging
|
0021| certifies the need for the issuance of the bonds. The state
|
0022| board of finance shall schedule the issuance and sale of the
|
0023| bonds in the most expeditious and economical manner possible
|
0024| upon a finding by the board that the project has been developed
|
0025| sufficiently to justify the issuance and that the project can
|
0001| proceed to contract within a reasonable time. The state board
|
0002| of finance shall further take the appropriate steps necessary to
|
0003| comply with the Internal Revenue Code of 1986, as amended. The
|
0004| proceeds from the sale of the bonds are appropriated to the
|
0005| state agency on aging for the purpose of completing construction
|
0006| of a senior citizen center in the pueblo of Zuni located in
|
0007| McKinley county. Any unexpended or unencumbered balance
|
0008| remaining at the end of fiscal year 1999 shall revert to the
|
0009| severance tax bonding fund. If the state agency on aging has
|
0010| not certified the need for the issuance of the bonds by the end
|
0011| of fiscal year 1998, the authorization provided in this section
|
0012| shall be void.
|
0013| Section 2. EMERGENCY.--It is necessary for the public
|
0014| peace, health and safety that this act take effect immediately.
|
0015|
|
0016|
|
0017|
|
0018| FORTY-SECOND LEGISLATURE
|
0019| SECOND SESSION, 1996
|
0020|
|
0021|
|
0022| JANUARY 24, 1996
|
0023|
|
0024| Mr. President:
|
0025|
|
0001| Your COMMITTEES' COMMITTEE, to whom has been referred
|
0002|
|
0003| SENATE BILL 210
|
0004|
|
0005| has had it under consideration and finds same to be GERMANE, PURSUANT
|
0006| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND
|
0007| CULTURAL AFFAIRS COMMITTEE.
|
0008|
|
0009| Respectfully submitted,
|
0010|
|
0011|
|
0012|
|
0013|
|
0014| __________________________________
|
0015| SENATOR MANNY M. ARAGON, Chairman
|
0016|
|
0017|
|
0018|
|
0019| Adopted_______________________ Not Adopted_______________________
|
0020| (Chief Clerk) (Chief Clerk)
|
0021|
|
0022|
|
0023| Date ________________________
|
0024|
|
0025|
|
0001|
|
0002| S0210CC1
|
0003|
|
0004| FORTY-SECOND LEGISLATURE
|
0005| SECOND SESSION, 1996
|
0006|
|
0007|
|
0008| January 30, 1996
|
0009|
|
0010| Mr. President:
|
0011|
|
0012| Your SENATE INDIAN & CULTURAL AFFAIRS COMMITTEE, to
|
0013| whom has been referred
|
0014|
|
0015| SENATE BILL 210
|
0016|
|
0017| has had it under consideration and reports same with recommendation that
|
0018| it DO PASS, and thence referred to the FINANCE COMMITTEE.
|
0019|
|
0020| Respectfully submitted,
|
0021|
|
0022|
|
0023|
|
0024| __________________________________
|
0025| John Pinto, Chairman
|
0001|
|
0002|
|
0003|
|
0004| Adopted_______________________ Not Adopted_______________________
|
0005| (Chief Clerk) (Chief Clerk)
|
0006|
|
0007|
|
0008|
|
0009| Date ________________________
|
0010|
|
0011|
|
0012| The roll call vote was 8 For 0 Against
|
0013| Yes: 8
|
0014| No: 0
|
0015| Excused: None
|
0016| Absent: None
|
0017|
|
0018|
|
0019| SO210IC1
|
0020|
|