0001| HOUSE BILL 585 | 0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997 | 0003| INTRODUCED BY | 0004| ROBERTO J. GONZALES | 0005| | 0006| | 0007| | 0008| | 0009| | 0010| AN ACT | 0011| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0012| SEVERANCE TAX BONDS FOR IMPROVEMENTS TO VARIOUS TAOS PUBLIC | 0013| SCHOOLS; MAKING AN APPROPRIATION; DECLARING AN EMERGENCY. | 0014| | 0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0016| Section 1. SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED- | 0017| -APPROPRIATION OF PROCEEDS.-- | 0018| A. The state board of finance may issue and sell | 0019| severance tax bonds in compliance with the Severance Tax | 0020| Bonding Act in an amount not exceeding five million three | 0021| hundred sixty thousand four hundred dollars ($5,360,400) when | 0022| the state department of public education certifies the need for | 0023| the issuance of the bonds. The state board of finance shall | 0024| schedule the issuance and sale of the bonds in the most | 0025| expeditious and economical manner possible upon a finding by | 0001| the board that the project has been developed sufficiently to | 0002| justify the issuance and that the project can proceed to | 0003| contract within a reasonable time. The state board of finance | 0004| shall further take the appropriate steps necessary to comply | 0005| with the Internal Revenue Code of 1986, as amended. The | 0006| proceeds from the sale of the bonds are appropriated to the | 0007| state department of public education in the following amounts | 0008| for expenditure in the Taos school district public schools | 0009| located in Taos county for the following purposes: | 0010| (1) six hundred fifty thousand dollars | 0011| ($650,000) for site and approach road improvements at the | 0012| Northside elementary school; | 0013| (2) two hundred fifty thousand dollars | 0014| ($250,000) for improvements to the wastewater system, including | 0015| a new traditional or wetland treatment facility, at the | 0016| Northside elementary school; | 0017| (3) two hundred fifty thousand dollars | 0018| ($250,000) for building improvements, including a walkway | 0019| portal and purchase and installation of various equipment, at | 0020| the Northside elementary school; | 0021| (4) seven hundred eighty-six thousand six | 0022| hundred dollars ($786,600) for planning, designing, | 0023| constructing and equipping six new classrooms and necessary | 0024| storage and sanitary facilities at Taos high school; | 0025| (5) five hundred thirteen thousand dollars | 0001| ($513,000) for repairs to the roof and canales and related | 0002| drainage landscaping and various remodeling and renovation | 0003| necessary to comply with the federal Americans with | 0004| Disabilities Act of 1990 at Taos junior high school; | 0005| (6) four hundred seventy thousand eight | 0006| hundred dollars ($470,800) for planning, designing, | 0007| constructing and equipping or purchasing, installing and | 0008| equipping two permanent kindergarten classrooms and one music | 0009| classroom and for various landscaping improvements at the | 0010| Ranchos de Taos elementary school; and | 0011| (7) two million four hundred forty thousand | 0012| dollars ($2,440,000) for planning, designing, constructing and | 0013| equipping or purchasing, installing and equipping four | 0014| classrooms, six therapy rooms and a cafeteria and for various | 0015| remodeling and renovation projects, including work necessary | 0016| for compliance with the federal Americans with Disabilities Act | 0017| of 1990, in Taos elementary school and Enos Garcia middle | 0018| school. | 0019| B. If the state department of public education has | 0020| not certified the need for the issuance of the bonds by the end | 0021| of fiscal year 1999, the authorization provided in this section | 0022| shall be void. Any unexpended or unencumbered balance | 0023| remaining from the proceeds of severance tax bonds issued | 0024| pursuant to Subsection A of this section at the end of fiscal | 0025| year 2000 shall revert to the severance tax bonding fund. | 0001| Section 2. EMERGENCY.--It is necessary for the public | 0002| peace, health and safety that this act take effect immediately. | 0003|  |