0001| HOUSE BILL 30 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| DONALD L. WHITAKER | 0006| | 0007| | 0008| | 0009| FOR THE REVENUE STABILIZATION AND TAX POLICY COMMITTEE | 0010| | 0011| AN ACT | 0012| RELATING TO SMALL CITIES ASSISTANCE; INCREASING THE MINIMUM AND | 0013| MAXIMUM ANNUAL DISTRIBUTIONS TO QUALIFYING SMALL CITIES FROM THE | 0014| SMALL CITIES ASSISTANCE FUND. | 0015| | 0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0017| Section 1. Section 3-37A-3 NMSA 1978 (being Laws 1979, | 0018| Chapter 284, Section 3, as amended) is amended to read: | 0019| "3-37A-3. SMALL CITIES ASSISTANCE FUND--DISTRIBUTION.-- | 0020| A. The "small cities assistance fund" is created | 0021| within the state treasury. | 0022| B. On January 31 of each year, the local government | 0023| division of the department of finance and administration shall | 0024| certify to the taxation and revenue department the population of | 0025| each municipality in the state. | 0001| C. On or before June 10 of each year, the taxation | 0002| and revenue department shall compute the distribution share of | 0003| each qualifying municipality. The distribution share shall be | 0004| an amount equal to the product of the qualifying municipality's | 0005| population multiplied by the difference between the statewide | 0006| per capita average and the municipal per capita average less the | 0007| local tax effort of the qualifying municipality; provided that | 0008| the distribution share shall not exceed [thirty thousand | 0009| dollars ($30,000)] fifty thousand dollars ($50,000); and | 0010| provided that any municipality with a population of less than | 0011| ten thousand [which] that does not qualify for a dis- | 0012| tribution or any qualifying municipality [which] that | 0013| qualifies for a distribution of less than [fifteen thousand | 0014| dollars ($15,000)] thirty thousand dollars ($30,000) shall | 0015| receive a distribution of [fifteen thousand dollars ($15,000)] | 0016| thirty thousand dollars ($30,000); and provided further that | 0017| if the balance in the small cities assistance fund on the pre- | 0018| ceding May 30 is less than the sum of the distribution shares, | 0019| [then] the taxation and revenue department shall first reduce | 0020| the distribution share of each municipality whose distribution | 0021| share is in excess of [fifteen thousand dollars ($15,000)] | 0022| thirty thousand dollars ($30,000) in an amount calculated | 0023| according to the following formula: | 0024| municipal distribution share | 0025| in excess of [$15,000] $30,000 | 0001| ____________________________ X deficiency in fund | 0002| sum of municipal distribution | 0003| shares in excess of [$15,000] $30,000 | 0004| so long as no municipality's distribution share is reduced below | 0005| [fifteen thousand dollars ($15,000)] thirty thousand dollars | 0006| ($30,000), and until each municipality's distribution share is | 0007| reduced to [fifteen thousand dollars ($15,000)] thirty | 0008| thousand dollars ($30,000), if necessary; and provided further | 0009| that if the sum of the distribution shares when each share is | 0010| reduced to [fifteen thousand dollars ($15,000)] thirty | 0011| thousand dollars ($30,000) is still in excess of the balance in | 0012| the small cities assistance fund on the preceding May 30, | 0013| [then] the taxation and revenue department shall reduce each | 0014| municipality's [fifteen thousand dollar ($15,000)] thirty | 0015| thousand dollar ($30,000) distribution share by a percentage | 0016| equal to a percentage computed by dividing the amount by which | 0017| the fund is insufficient by the sum of all the distribution | 0018| shares. The taxation and revenue department shall certify the | 0019| amount of the distribution shares to the state treasurer. | 0020| D. The state treasurer shall distribute from the | 0021| small cities assistance fund on or before June 15 of each year | 0022| to each qualifying municipality the amount certified by the | 0023| taxation and revenue department for each qualifying municipality | 0024| for the period ending May 30 of the preceding year. | 0025| E. Immediately after distribution to municipalities | 0001| from the small cities assistance fund but no later than June 30 | 0002| of each year, the unexpended or unencumbered balance in the | 0003| small cities assistance fund remaining after the distribution to | 0004| the qualifying municipalities shall revert to the general fund. | 0005| F. Funds distributed under this section shall be | 0006| placed in the general fund of the qualifying municipalities | 0007| receiving distributions." | 0008| Section 2. EFFECTIVE DATE.--The effective date of the | 0009| provisions of this act is July 1, 1996. | 0010|  | 0011| State of New Mexico | 0012| House of Representatives | 0013| | 0014| FORTY-SECOND LEGISLATURE | 0015| SECOND SESSION, 1996 | 0016| | 0017| | 0018| February 5, 1996 | 0019| | 0020| | 0021| Mr. Speaker: | 0022| | 0023| Your APPROPRIATIONS AND FINANCE COMMITTEE, to | 0024| whom has been referred | 0025| | 0001| HOUSE BILL 30 | 0002| | 0003| has had it under consideration and reports same with | 0004| recommendation that it DO PASS, amended as follows: | 0005| | 0006| 1. On page 2, line 8, strike "fifty thousand dollars | 0007| ($50,000)" and insert in lieu thereof "forty thousand dollars | 0008| ($40,000)". | 0009| | 0010| 2. On page 2, line 13, strike "thirty thousand dollars | 0011| ($30,000) and insert in lieu thereof "twenty thousand dollars | 0012| ($20,000)". | 0013| | 0014| 3. On page 2, lines 14 and 15, strike "thirty thousand | 0015| dollars ($30,000) and insert in lieu thereof "twenty thousand | 0016| dollars ($20,000)". | 0017| | 0018| 4. On page 2, line 20, strike "thirty thousand dollars | 0019| ($30,000)" and insert in lieu thereof "twenty thousand dollars | 0020| ($20,000)". | 0021| | 0022| 5. On page 2, line 23, strike "$30,000" and insert in lieu | 0023| thereof "$20,000". | 0024| | 0025| 6. On page 3, line 1, strike "$30,000" and insert in lieu | 0001| thereof "$20,000". | 0002| | 0003| 7. On page 3, lines 3 and 4, strike "thirty thousand | 0004| dollars ($30,000)" and insert in lieu thereof "twenty thousand | 0005| dollars ($20,000)". | 0006| | 0007| 8. On page 3, lines 5 and 6, strike "thirty thousand | 0008| dollars ($30,000)" and insert in lieu thereof "twenty thousand | 0009| dollars ($20,000)". | 0010| | 0011| 9. On page 3, lines 8 and 9, strike "thirty thousand | 0012| dollars ($30,000)" and insert in lieu thereof "twenty thousand | 0013| dollars ($20,000)". | 0014| 10. On page 3, line 12, strike "thirty thousand dollars | 0015| ($30,000)" and insert in lieu thereof "twenty thousand dollars | 0016| ($20,000)". | 0017| | 0018| Respectfully submitted, | 0019| | 0020| | 0021| | 0022| | 0023| | 0024| Max Coll, Chairman | 0025| | 0001| | 0002| Adopted Not Adopted | 0003| | 0004| (Chief Clerk) (Chief Clerk) | 0005| | 0006| Date | 0007| | 0008| The roll call vote was 17 For 0 Against | 0009| Yes: 17 | 0010| Excused: Buffett | 0011| Absent: none | 0012| | 0013| | 0014| | 0015| H0030AF1 |