0001| HOUSE BILL 46 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| JERRY W. SANDEL | 0006| | 0007| | 0008| | 0009| FOR THE REVENUE STABILIZATION AND TAX POLICY COMMITTEE | 0010| | 0011| AN ACT | 0012| MAKING AN APPROPRIATION FOR A NATURAL GAS PIPELINE | 0013| TRANSPORTATION STUDY. | 0014| | 0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0016| Section 1. APPROPRIATION--FINDINGS--PURPOSE.-- | 0017| A. The legislature finds that: | 0018| (1) because of the lack of transportation | 0019| facilities, natural gas produced in the San Juan basin of New | 0020| Mexico is essentially marketable only in western markets; | 0021| (2) the availability of only one market has | 0022| caused, and will continue to cause, both the price and volume of | 0023| natural gas produced in the San Juan basin to be depressed when | 0024| compared to gas produced elsewhere and marketed in multiple | 0025| markets; | 0001| (3) New Mexico ranks second among the states in | 0002| onshore natural gas reserves and will likely continue to be a | 0003| major producer of natural gas for the foreseeable future; | 0004| (4) unless additional markets are available for | 0005| natural gas produced in New Mexico, state revenues derived from | 0006| royalties, production taxes and other sources will continue to | 0007| be depressed; and | 0008| (5) a pipeline, financed by public or private | 0009| sources, that is capable of transporting natural gas to | 0010| additional markets may, in both the short and long term, be in | 0011| the best interests of New Mexico. | 0012| B. The purpose of this section is to provide for a | 0013| comprehensive study of the costs and benefits of financing, | 0014| constructing and operating a pipeline to transport natural gas | 0015| produced in New Mexico to additional markets. | 0016| C. Two hundred fifty thousand dollars ($250,000) is | 0017| appropriated from the general fund to the state transportation | 0018| authority for expenditure in fiscal year 1997 for the purpose of | 0019| conducting studies and research pursuant to the Resource | 0020| Transportation and Passenger Transportation Development Act on | 0021| the financing, construction and operation of a natural gas | 0022| pipeline to transport natural gas to eastern markets. Any | 0023| unexpended or unencumbered balance remaining at the end of | 0024| fiscal year 1997 shall revert to the general fund. | 0025| - 2 - State of New Mexico | 0001| House of Representatives | 0002| | 0003| FORTY-SECOND LEGISLATURE | 0004| SECOND SESSION, 1996 | 0005| | 0006| | 0007| January 26, 1996 | 0008| | 0009| | 0010| Mr. Speaker: | 0011| | 0012| Your TAXATION AND REVENUE COMMITTEE, to whom has | 0013| been referred | 0014| | 0015| HOUSE BILL 46 | 0016| | 0017| has had it under consideration and reports same with | 0018| recommendation that it DO PASS, amended as follows: | 0019| | 0020| 1. On page 2, lines 7 and 8, strike "public or private | 0021| sources" and insert in lieu thereof "the most feasible method". | 0022| | 0023| 2. On page 2, lines 16 and 17, strike "state transportation | 0024| authority" and insert in lieu thereof "economic development | 0025| department"., | 0001| | 0002| and thence referred to the APPROPRIATIONS AND FINANCE | 0003| COMMITTEE. | 0004| | 0005| The roll call vote on Amendment #1 was 11 For 1 Against | 0006| Yes: 11 | 0007| No: Parsons | 0008| Excused: None | 0009| Absent: Gallegos | 0010| | 0011| Respectfully submitted, | 0012| | 0013| | 0014| | 0015| | 0016| Jerry W. Sandel, Chairman | 0017| | 0018| | 0019| Adopted Not Adopted | 0020| | 0021| (Chief Clerk) (Chief Clerk) | 0022| | 0023| Date | 0024| | 0025| The roll call vote was 11 For 0 Against | 0001| Yes: 11 | 0002| Excused: Gonzales | 0003| Absent: Gallegos | 0004| | 0005| | 0006| .110590.1 | 0007| H0046TR1 State of New Mexico | 0008| House of Representatives | 0009| | 0010| FORTY-SECOND LEGISLATURE | 0011| SECOND SESSION, 1996 | 0012| | 0013| | 0014| February 8, 1996 | 0015| | 0016| | 0017| Mr. Speaker: | 0018| | 0019| Your APPROPRIATIONS AND FINANCE COMMITTEE, to | 0020| whom has been referred | 0021| | 0022| HOUSE BILL 46, as amended | 0023| | 0024| has had it under consideration and reports same with | 0025| recommendation that it DO PASS. | 0001| | 0002| Respectfully submitted, | 0003| | 0004| | 0005| | 0006| | 0007| Max Coll, Chairman | 0008| | 0009| | 0010| Adopted Not Adopted | 0011| | 0012| (Chief Clerk) (Chief Clerk) | 0013| | 0014| Date | 0015| | 0016| The roll call vote was 15 For 0 Against | 0017| Yes: 15 | 0018| Excused: Buffett, Varela, Watchman | 0019| Absent: none | 0020| | 0021| | 0022| | 0023| H0046AF1 | 0024| | 0025| FORTY-SECOND LEGISLATURE | 0001| SECOND SESSION, 1996 | 0002| | 0003| | 0004| February 13, 1996 | 0005| | 0006| Mr. President: | 0007| | 0008| Your FINANCE COMMITTEE, to whom has been referred | 0009| | 0010| HOUSE BILL 46, as amended | 0011| | 0012| has had it under consideration and reports same with | 0013| recommendation that it DO PASS. | 0014| | 0015| Respectfully submitted, | 0016| | 0017| | 0018| | 0019| __________________________________ | 0020| Ben D. Altamirano, Chairman | 0021| | 0022| | 0023| | 0024| Adopted_______________________ Not Adopted_______________________ | 0025| (Chief Clerk) (Chief Clerk) | 0001| | 0002| | 0003| | 0004| Date ________________________ | 0005| | 0006| | 0007| The roll call vote was 7 For 0 Against | 0008| Yes: 7 | 0009| No: 0 | 0010| Excused: Aragon, Donisthorpe, Ingle, Jennings T., Nava, Sanchez | 0011| Absent: None | 0012| | 0013| | 0014| H0046FC1 | 0015| |