0001| HOUSE BILL 91
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| DELORES C. WRIGHT
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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 CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
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0013| SEVERANCE TAX BONDS TO EQUIP AND FURNISH THE CHAPARRAL COMMUNITY
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0014| CENTER IN DONA ANA COUNTY; MAKING AN APPROPRIATION; DECLARING AN
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0015| EMERGENCY.
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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. SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED--APPROPRIATION OF PROCEEDS.--The state board of finance may issue
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0019| and sell severance tax bonds in compliance with the Severance
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0020| Tax Bonding Act in an amount not exceeding fifty thousand
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0021| dollars ($50,000) when the local government division of the
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0022| department of finance and administration certifies the need for
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0023| the issuance of the bonds. The state board of finance shall
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0024| schedule the issuance and sale of the bonds in the most
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0025| expeditious and economical manner possible upon a finding by the
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0001| board that the project has been developed sufficiently to
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0002| justify the issuance and that the project can proceed to
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0003| contract within a reasonable time. The state board of finance
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0004| shall further take the appropriate steps necessary to comply
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0005| with the Internal Revenue Code of 1986, as amended. The
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0006| proceeds from the sale of the bonds are appropriated to the
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0007| local government division of the department of finance and
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0008| administration for the purpose of equipping and furnishing the
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0009| Chaparral community center located in Dona Ana county. Any
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0010| unexpended or unencumbered balance remaining at the end of
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0011| fiscal year 1999 shall revert to the severance tax bonding fund.
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0012| If the local government division of the department of finance
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0013| and administration has not certified the need for the issuance
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0014| of the bonds by the end of fiscal year 1998, the authorization
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0015| provided in this section shall be void.
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0016| Section 2. EMERGENCY.--It is necessary for the public
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0017| peace, health and safety that this act take effect immediately.
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0018| - - State of New Mexico
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0019| House of Representatives
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0020|
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0021| FORTY-SECOND LEGISLATURE
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0022| SECOND SESSION, 1996
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0023|
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0024|
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0025| February 2, 1996
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0001|
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0002|
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0003| Mr. Speaker:
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0004|
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0005| Your TAXATION AND REVENUE COMMITTEE, to whom has
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0006| been referred
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0007|
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0008| HOUSE BILL 91
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0009|
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0010| has had it under consideration and reports same with
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0011| recommendation that it DO NOT PASS, but that
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0012|
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0013| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR
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0014| HOUSE BILL 91
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0015|
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0016| DO PASS, and thence referred to the APPROPRIATIONS AND
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0017| FINANCE COMMITTEE.
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0018|
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0019| Respectfully submitted,
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0020|
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0021|
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0022|
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0023|
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0024| Jerry W. Sandel, Chairman
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0025|
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0001|
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0002| Adopted Not Adopted
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0003|
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0004| (Chief Clerk) (Chief Clerk)
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0005|
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0006| Date
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0007|
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0008| The roll call vote was 8 For 0 Against
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0009| Yes: 8
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0010| Excused: Gallegos, Hawkins, Lovejoy, Sandoval, Stell
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0011| Absent: None
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0012|
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0013|
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0014| H0091TR1 HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR
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0015| HOUSE BILL 91
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0016| 42nd legislature - STATE OF NEW MEXICO - second session, 1996
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0017|
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0018|
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0019|
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0020|
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0021|
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0022|
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0023|
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0024| AN ACT
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0025| MAKING AN APPROPRIATION TO EQUIP AND FURNISH THE CHAPARRAL
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0001| COMMUNITY CENTER IN DONA ANA COUNTY.
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0002|
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0003| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0004| Section 1. APPROPRIATION.--Fifty thousand dollars
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0005| ($50,000) is appropriated from the general fund to the local
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0006| government division of the department of finance and
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0007| administration for expenditure in fiscal year 1997 for the
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0008| purpose of equipping and furnishing the Chaparral community
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0009| center in Dona Ana county. Any unexpended or unencumbered
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0010| balance remaining at the end of fiscal year 1997 shall revert to
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0011| the general fund.
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0012| .110712.1 State of New Mexico
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0013| House of Representatives
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0014|
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0015| FORTY-SECOND LEGISLATURE
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0016| SECOND SESSION, 1996
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0017|
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0018|
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0019| February 13, 1996
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0020|
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0021|
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0022| Mr. Speaker:
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0023|
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0024| Your APPROPRIATIONS AND FINANCE COMMITTEE, to
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0025| whom has been referred
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0001|
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0002| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR
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0003| HOUSE BILL 91
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0004|
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0005| has had it under consideration and reports same with
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0006| recommendation that it DO PASS, amended as follows:
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0007|
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0008| 1. On page 1, line 15, strike "Fifty thousand($50,000)" and
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0009| insert in lieu thereof "Thirty-five thousand dollars($35,000)".
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0010|
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0011| Respectfully submitted,
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0012|
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0013|
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0014|
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0015|
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0016|
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0017| Max Coll, Chairman
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0018|
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0019|
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0020| Adopted Not Adopted
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0021|
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0022| (Chief Clerk) (Chief Clerk)
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0023|
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0024| Date
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0025|
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0001| The roll call vote was 9 For 2 Against
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0002| Yes: 9
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0003| No: Bird, Wallace
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0004| Excused: Abeyta, Coll, Gentry, Knowles, Picraux, Saavedra,
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0005| Watchman
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0006| Absent:
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0007|
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0008|
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0009|
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0010| H0091AF1
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0011|
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0012| FORTY-SECOND LEGISLATURE
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0013| SECOND SESSION, 1996
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0014|
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0015|
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0016| February 14, 1996
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0017|
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0018| Mr. President:
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0019|
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0020| Your FINANCE COMMITTEE, to whom has been referred
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0021|
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0022| HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR
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0023| HOUSE BILL 91, as amended
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0024|
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0025| has had it under consideration and reports same with
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0001| recommendation that it DO PASS.
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0002|
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0003| Respectfully submitted,
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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| Ben D. Altamirano, Chairman
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0009|
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0010|
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0011|
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0012| Adopted_______________________ Not Adopted_______________________
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0013| (Chief Clerk) (Chief Clerk)
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0014|
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0015|
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0016|
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0017| Date ________________________
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0018|
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0019|
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0020| The roll call vote was 8 For 0 Against
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0021| Yes: 8
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0022| No: 0
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0023| Excused: Donisthorpe, Duran, Ingle, Kidd, Kysar
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0024| Absent: None
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0025|
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0001|
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0002| H0091FC1
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0003|
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