44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

RELATING TO THE BORDER AUTHORITY; REPEALING THE BORDER DEVELOPMENT ACT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. REPEAL.--Sections 58-27-1 through 58-27-26 NMSA 1978 (being Laws 1991, Chapter 131, Sections 1 through 16, Laws 1993, Chapter 335, Section 4, Laws 1995, Chapter 192, Section 10, Laws 1991, Chapter 131, Sections 17 through 25 and Laws 1995, Chapter 192, Section 21, as amended) are repealed.

Section 2. TEMPORARY PROVISION--TRANSFER OF PROPERTY AND CONTRACTS.--

A. On July 1, 1999, all appropriations, money, records, equipment, furnishings and other property belonging to the border authority shall be transferred to the economic development department.

B. On July 1, 1999, all existing contracts and other obligations of the border authority shall be binding on the economic development department.

Section 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 1999.