HOUSE CAPITAL OUTLAY REQUEST 477 STATE OF NEW MEXICO 43RD LEGISLATURE - SECOND SESSION, 1998 REQUESTED BY DAVID M. PARSONS REAUTHORIZATIONS; EXPANDING THE PURPOSES AND EXTENDING THE EXPENDITURE PERIODS OF SEVERANCE TAX BONDS TO RENOVATE FORT STANTON HOSPITAL AND THE NEW MEXICO LAW ENFORCEMENT ACADEMY. Notwithstanding the provisions of Laws 1996, Chapter 14, Section 14, the period of time in which the appropriation from severance tax bond proceeds to the property control division of the general services department made in Subsection S of Section 14 of Chapter 367 of Laws 1993 may be expended through fiscal year 2002 and the purpose expanded to repair and renovate buildings at Fort
- 1 -
Stanton hospital located in Lincoln county. Any unexpended or unencumbered balance remaining from the proceeds of the bonds at the end of fiscal year 2002 shall revert to the severance tax bonding fund. Notwithstanding the provisions of Laws 1996, Chapter 14, Section 15, the period of time in which the appropriation from severance tax bond proceeds to the property control division of the general services department made in Subsection H of Section 13 of Chapter 148 of Laws 1994 may be expended through fiscal year 2002 and the purpose expanded to repair and renovate buildings at Fort Stanton hospital located in Lincoln county. Any unexpended or unencumbered balance remaining from the proceeds of the bonds at the end of fiscal year 2002 shall revert to the severance tax bonding fund. Notwithstanding the provisions of Subsection D of Section 1 of Chapter 148 of Laws of 1994, the balance of the proceeds from the sale of severance tax bonds to the general services department pursuant to Subsection K of Section 13 of Chapter 148 of Laws 1994 to construct, furnish and equip an expansion to the New Mexico law enforcement academy located in Santa Fe county may also be expended to resurface the track at the law enforcement academy. The period of
- 2 -
time for expenditure of this appropriation is extended through fiscal year 1999. Any unexpended or unencumbered balance remaining at the end of fiscal year 1999 shall revert to the severance tax bonding fund.