0001|               SENATE FINANCE COMMITTEE SUBSTITUTE FOR
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0002|                           SENATE BILL 401
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0003|     43rd legislature - STATE OF NEW MEXICO - second session, 1998
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0004|                                   
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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|     
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0011|                                AN ACT
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0012|     RELATING TO THE BACA LOCATION NUMBER 1; CREATING THE VALLES
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0013|     CALDERA PURCHASE COMMISSION TO NEGOTIATE FOR THE PURCHASE OF
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0014|     THE BACA LOCATION NUMBER 1 ON BEHALF OF THE STATE; PROVIDING
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0015|     POWERS AND DUTIES; MAKING AN APPROPRIATION.
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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.  VALLES CALDERA PURCHASE COMMISSION
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0019|     CREATED--COMPOSITION.--
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0020|               A.  The "Valles Caldera purchase commission" is
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0021|     created.  The commission shall be composed of ten members of
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0022|     the legislature.  Five members of the house of representatives
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0023|     shall be appointed by the speaker of the house of
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0024|     representatives and five members of the senate shall be
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0025|     appointed by the committees' committee of the senate or, if
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<center>- 1 -</center>0001|     the senate appointments are made in the interim, by the
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0002|     president pro tempore of the senate after consultation with
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0003|     and agreement of a majority of the members of the committees'
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0004|     committee.
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0005|               B.  Members shall be appointed from each house so
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0006|     as to give the two major political parties in each house the
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0007|     same proportional representation on the commission as prevails
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0008|     in each house; however, in no event shall either party have
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0009|     less than one member from each house on the commission. 
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0010|     Vacancies on the commission shall be filled by appointment in
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0011|     the same manner as the original appointments.  The chairman
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0012|     and vice chairman of the commission shall be elected by the
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0013|     commission.
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0014|               C.  No action shall be taken by the commission if a
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0015|     majority of the total membership from either house on the
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0016|     commission rejects such action.
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0017|          Section 2.  VALLES CALDERA PURCHASE COMMISSION--
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0018|     DUTIES.--The Valles Caldera purchase commission shall:
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0019|               A.  negotiate, on behalf of the state, for the
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0020|     purchase of the Baca location number 1, known as the Baca
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0021|     ranch;
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0022|               B.  upon the completion of successful negotiations,
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0023|     certify to the secretary of finance and administration that
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0024|     the negotiations have been successful and that the purchase
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0025|     price agreed to is no higher than the appraised value.  Upon
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<center>- 2 -</center>0001|     receiving the certification, the secretary shall cause an
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0002|     amount equal to the purchase price to be transferred from the
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0003|     land grant permanent funds to the seller.  Such amount is
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0004|     appropriated from the land grant permanent funds; 
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0005|               C.  solicit testimony, reports and other information
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0006|     concerning the Baca location number 1 and its potential uses and
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0007|     benefits; and
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0008|               D.  submit a report of its findings and
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0009|     recommendations to the legislature, including its recommendations
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0010|     for future uses of the Baca location number 1 that will maximize
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0011|     benefits to the state and its citizens.
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0012|          Section 3.  VALLES CALDERA PURCHASE COMMISSION--STAFF.--The
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0013|     staff for the Valles Caldera purchase commission shall be
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0014|     provided by the legislative council service.
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0015|          Section 4.  APPROPRIATION.--For the purpose of paying the
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0016|     salaries and expenses of the technical, legal, clerical and
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0017|     stenographic assistants; for appraisals; for necessary equipment
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0018|     and supplies used in carrying out the provisions of this act; and
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0019|     for reimbursing the per diem and mileage expenses of the Valles
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0020|     Caldera purchase commission, there is appropriated to the
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0021|     legislative council service from the general fund the sum of
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0022|     forty thousand dollars ($40,000).  All or any part of this
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0023|     appropriation may be expended in fiscal year 1999 and succeeding
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0024|     fiscal years.  Any unexpended or unencumbered balance remaining
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0025|     at the end of the fiscal year in which the commission submits the
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<center>- 3 -</center>0001|     report pursuant to Subsection D of Section 2 of this act shall
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0002|     revert to the general fund.  Payments from the appropriation
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0003|     shall be made upon vouchers signed by the director of the
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0004|     legislative council service or his authorized representative.
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0005|          Section 5.  EFFECTIVE DATE.--The effective date of the
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0006|     provisions of this act is the later of:
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0007|               A.  the date the secretary of state certifies that the
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0008|     constitution of New Mexico has been amended as proposed by a
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0009|     joint resolution of the forty-third legislature, second session,
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0010|     entitled "A JOINT RESOLUTION PROPOSING TO AMEND THE NEW MEXICO
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0011|     CONSTITUTION TO AUTHORIZE AN EXPENDITURE FROM THE LAND GRANT
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0012|     PERMANENT FUNDS FOR THE PURCHASE OF THE BACA LOCATION NUMBER 1,
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0013|     INCLUDING THE VALLES CALDERA"; or
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0014|               B.  the date the congress of the United States
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0015|     consents to the amendment of the constitution of New Mexico as
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0016|     proposed by the joint resolution specified in Subsection A of
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0017|     this section.
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0018|                               
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