0001| HOUSE BILL 100 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| GARY K. KING | 0006| | 0007| | 0008| | 0009| | 0010| | 0011| AN ACT | 0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0013| SEVERANCE TAX BONDS FOR CAPITAL PROJECTS IN TORRANCE COUNTY; | 0014| MAKING APPROPRIATIONS; DECLARING AN EMERGENCY. | 0015| | 0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0017| Section 1. SEVERANCE TAX BONDS--AUTHORIZATIONS-- | 0018| APPROPRIATION OF PROCEEDS.-- | 0019| A. The state board of finance may issue and sell | 0020| severance tax bonds in compliance with the Severance Tax Bonding | 0021| Act in an amount not to exceed the total of the amounts | 0022| authorized for purposes specified in Sections 2 and 3 of this | 0023| act. The state board of finance shall schedule the issuance and | 0024| sale of the bonds in the most expeditious and economical manner | 0025| possible upon a finding by the board that the project has been | 0001| developed sufficiently to justify the issuance and that the | 0002| project can proceed to contract within a reasonable time. The | 0003| state board of finance shall further take the appropriate steps | 0004| necessary to comply with the Internal Revenue Code of 1986, as | 0005| amended. Proceeds from the sale of the bonds are appropriated | 0006| for the purposes specified in Sections 2 and 3 of this act. | 0007| B. The agencies named in Sections 2 and 3 of this | 0008| act shall certify to the state board of finance when the money | 0009| from the proceeds of the severance tax bonds authorized in this | 0010| section is needed for the purposes specified in the applicable | 0011| section of this act. | 0012| C. If the specified agency has not certified the | 0013| need for the issuance of the bonds by the end of fiscal year | 0014| 1998, the authorization provided in this act shall be void. | 0015| D. Unless otherwise specified in this act, any | 0016| unexpended or unencumbered balance remaining from the proceeds | 0017| of severance tax bonds issued pursuant to Sections 2 and 3 of | 0018| this act at the end of fiscal year 1999 shall revert to the | 0019| severance tax bonding fund. | 0020| Section 2. SEVERANCE TAX BONDS--LOCAL GOVERNMENT DIVISION | 0021| OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION--PURPOSES.--Pursuant to the provisions of Section 1 of this act, upon | 0022| certification by the local government division of the department | 0023| of finance and administration that the need exists for the | 0024| issuance of the bonds, the following amounts are appropriated to | 0025| the local government division of the department of finance and | 0001| administration for the following purposes: | 0002| A. seven hundred eighty-eight thousand dollars | 0003| ($788,000) to design, construct and equip a judicial complex in | 0004| the town of Estancia located in Torrance county; | 0005| B. two hundred seventy thousand dollars ($270,000) | 0006| to renovate the Estancia courthouse located in Torrance county; | 0007| C. three hundred forty-five thousand dollars | 0008| ($345,000) to expand and improve the Estancia kennel located in | 0009| Torrance county; | 0010| D. one hundred eighty-seven thousand five hundred | 0011| dollars ($187,500) to design, construct and equip an Estancia | 0012| storage facility for county voting machines located in Torrance | 0013| county; | 0014| E. two hundred twenty-five thousand dollars | 0015| ($225,000) to improve and update equipment for the Moriarty fire | 0016| department serving residents of Estancia located in Torrance | 0017| county; | 0018| F. eighty thousand dollars ($80,000) to purchase new | 0019| vehicles for the Torrance county sheriff's department located in | 0020| Estancia in Torrance county; | 0021| G. four hundred eighty-six thousand dollars | 0022| ($486,000) to design, construct and equip a substance abuse and | 0023| mental health facility to serve Estancia and Moriarty patients | 0024| located in Torrance county; | 0025| H. twenty-five thousand dollars ($25,000) to study | 0001| and plan a segment of the salt missions scenic byway for that | 0002| portion of New Mexico highway 41 between Moriarty and Estancia | 0003| located in Torrance county; and | 0004| I. four hundred thousand dollars ($400,000) to | 0005| purchase equipment to surface and improve roads throughout | 0006| Torrance county. | 0007| Section 3. SEVERANCE TAX BONDS--DEPARTMENT OF | 0008| ENVIRONMENT--PURPOSE.--Pursuant to the provisions of Section 1 | 0009| of this act, upon certification by the department of environment | 0010| that the need exists for the issuance of the bonds, fifty | 0011| thousand dollars ($50,000) is appropriated to the department of | 0012| environment for the purpose of designing and constructing a | 0013| water system for the McIntosh fire department located in | 0014| Torrance county. | 0015| Section 4. EMERGENCY.--It is necessary for the public | 0016| peace, health and safety that this act take effect immediately. | 0017|  |