0001|                            SENATE BILL 1
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                           JOSEPH A. FIDEL
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0005|     
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0006|                                   
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0007|     
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0008|                                   
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0009|     
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0010|                                AN ACT
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0011|     RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
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0012|     SEVERANCE TAX BONDS; REAUTHORIZING UNEXPENDED OR UNENCUMBERED
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0013|     BALANCES; CHANGING THE PURPOSES OF CERTAIN BOND AUTHORIZATIONS;
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0014|     EXTENDING EXPENDITURE PERIODS; MAKING APPROPRIATIONS; DECLARING
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0015|     AN EMERGENCY.
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0016|     
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0017|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018|          Section 1.  SEVERANCE TAX BONDS--AUTHORIZATIONS--
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0019|     APPROPRIATION OF PROCEEDS.--
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0020|               A.  The state board of finance may issue and sell
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0021|     severance tax bonds in compliance with the Severance Tax
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0022|     Bonding Act in an amount not to exceed the total of the amounts
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0023|     authorized for purposes specified in this act.  The state board
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0024|     of finance shall schedule the issuance and sale of the bonds in
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0025|     the most expeditious and economical manner possible upon a
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0001|     finding by the board that the project has been developed
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0002|     sufficiently to justify the issuance and that the project can
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0003|     proceed to contract within a reasonable time.  The state board
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0004|     of finance shall further take the appropriate steps necessary
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0005|     to comply with the Internal Revenue Code of 1986, as amended. 
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0006|     Proceeds from the sale of the bonds are appropriated for the
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0007|     purposes specified in this act.
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0008|               B.  The agencies named in this act shall certify to
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0009|     the state board of finance when the money from the proceeds of
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0010|     the severance tax bonds authorized in this section is needed
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0011|     for the purposes specified in the applicable section of this
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0012|     act.
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0013|               C.  If the specified agency has not certified the
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0014|     need for the issuance of the bonds by the end of fiscal year
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0015|     2000, the authorization provided in this act shall be void.
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0016|               D.  Unless otherwise specified in this act, any
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0017|     unexpended or unencumbered balance remaining from the proceeds
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0018|     of severance tax bonds issued pursuant to this act at the end
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0019|     of fiscal year 2002 shall revert to the severance tax bonding
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0020|     fund.
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0021|          Section 2.  SEVERANCE TAX BONDS--OFFICE OF CULTURAL
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0022|     AFFAIRS--PURPOSE.--Pursuant to the provisions of Section 1 of
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0023|     this act, upon certification by the office of cultural affairs
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0024|     that the need exists for the issuance of the bonds, one
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0025|     million dollars ($1,000,000) is appropriated to the office of
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0001|     cultural affairs to renovate or make improvements to state
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0002|     museums and facilities located throughout the state to comply
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0003|     with the Americans with Disabilities Act of 1990.
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0004|          Section 3.  SEVERANCE TAX BONDS--SUPREME COURT BUILDING
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0005|     COMMISSION--PURPOSE. -Pursuant to the provisions of Section 1
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0006|     of this act, upon certification by the supreme court building
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0007|     commission that the need exists for the issuance of the bonds,
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0008|     six hundred thousand dollars ($600,000) is appropriated to the
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0009|     supreme court building commission to plan, design and make
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0010|     improvements to the supreme court building in Santa Fe county
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0011|     to comply with the Americans with Disabilities Act of 1990.
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0012|          Section 4. SEVERANCE TAX BONDS--PUBLIC SCHOOL CAPITAL
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0013|     OUTLAY COUNCIL--PURPOSE.--Pursuant to the provisions of
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0014|     Section 1 of this act, upon certification by the public school
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0015|     capital outlay council that the need exists for the issuance
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0016|     of the bonds, five million dollars ($5,000,000) is
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0017|     appropriated to the public school capital outlay fund to carry
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0018|     out the provisions of the Public School Capital Outlay Act.  
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0019|          Section 5.  GENERAL FUND--EDUCATIONAL TECHNOLOGY FUND--
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0020|     PURPOSE.--Six hundred thousand dollars ($600,000) is
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0021|     appropriated from the general fund to the educational
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0022|     technology fund for expenditure in fiscal year 1998 and
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0023|     subsequent fiscal years for the purpose of implementing the
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0024|     provisions of the Technology for Education Act.  Any
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0025|     unexpended or unencumbered balance remaining at the end of any
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0001|     fiscal year shall not revert to the general fund.
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0002|          Section 6.  REAUTHORIZATION -GENERAL SERVICES DEPARTMENT--
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0003|     EXTENDING EXPENDITURE PERIOD--CHANGE IN PURPOSE.--
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0004|     Notwithstanding the provisions of Subsection D of Section 1 of
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0005|     Chapter 148 of Laws 1994, the balance of the proceeds from the
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0006|     sale of severance tax bonds appropriated to the general
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0007|     services department pursuant to Subsection C of Section 13 of
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0008|     Chapter 148 of Laws 1994 to plan and design a facility to
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0009|     replace Meadows hospital in Las Vegas located in San Miguel
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0010|     county shall not be expended for its original purpose but is
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0011|     reauthorized and appropriated to the property control division
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0012|     of the general services department to plan, design, renovate
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0013|     and make improvements to state buildings located throughout the
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0014|     state.  The period of time in which this appropriation may be
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0015|     expended is extended through fiscal year 2002.  Any unexpended
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0016|     or unencumbered balance remaining from the proceeds of the
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0017|     bonds at the end of fiscal year 2002 shall revert to the
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0018|     severance tax bonding fund.
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0019|          Section 7.  PROJECT SCOPE--EXPENDITURES.--If an
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0020|     appropriation for a project authorized in this act is not
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0021|     sufficient to complete all the purposes specified, the
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0022|     appropriation may be expended for any portion of the purposes
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0023|     specified in the appropriation.  Expenditures shall not be made
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0024|     for purposes other than those specified in the appropriation.
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0025|          Section 8.  ART IN PUBLIC PLACES.--Pursuant to Section
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0001|     13-4A-4 NMSA 1978 and where applicable, the appropriations
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0002|     authorized in this act include one percent for the art in
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0003|     public places fund.
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0004|          Section 9.  EMERGENCY.--It is necessary for the public
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0005|     peace, health and safety that this act take effect immediately.
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0006|                               
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