0001|                        SENATE BILL 189
    |
0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
    |
0003|     1996
    |
0004|                         INTRODUCED BY
    |
0005|                           JOHN PINTO
    |
0006|     
    |
0007|                                
    |
0008|     
    |
0009|     
    |
0010|     
    |
0011|                             AN ACT
    |
0012|     RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF
    |
0013|     SEVERANCE TAX BONDS TO IMPROVE THE TWIN LAKES HEADSTART GROUNDS
    |
0014|     IN MCKINLEY COUNTY; MAKING AN APPROPRIATION; DECLARING AN
    |
0015|     EMERGENCY.
    |
0016|     
    |
0017|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
    |
0018|       Section 1.  SEVERANCE TAX BONDS--PURPOSE FOR WHICH ISSUED--APPROPRIATION OF PROCEEDS.--The state board of finance may issue
    |
0019|     and sell severance tax bonds in compliance with the Severance
    |
0020|     Tax Bonding Act in an amount not exceeding one hundred twenty
    |
0021|     thousand dollars ($120,000) when the New Mexico office of Indian
    |
0022|     affairs certifies the need for the issuance of the bonds.  The
    |
0023|     state board of finance shall schedule the issuance and sale of
    |
0024|     the bonds in the most expeditious and economical manner possible
    |
0025|     upon a finding by the board that the project has been developed
    |
0001|     sufficiently to justify the issuance and that the project can
    |
0002|     proceed to contract within a reasonable time.  The state board
    |
0003|     of finance shall further take the appropriate steps necessary to
    |
0004|     comply with the Internal Revenue Code of 1986, as amended.  The
    |
0005|     proceeds from the sale of the bonds are appropriated to the New
    |
0006|     Mexico office of Indian affairs for the purpose of improving the
    |
0007|     handicap access by paving the parking lot and constructing
    |
0008|     sidewalks and improving the safety of the school site by fencing
    |
0009|     the grounds of the Twin Lakes headstart located in San Juan
    |
0010|     county.  Any unexpended or unencumbered balance remaining at the
    |
0011|     end of fiscal year 1999 shall revert to the severance tax
    |
0012|     bonding fund.  If the New Mexico office of Indian affairs has
    |
0013|     not certified the need for the issuance of the bonds by the end
    |
0014|     of fiscal year 1998, the authorization provided in this section
    |
0015|     shall be void.
    |
0016|       Section 2.  EMERGENCY.--It is necessary for the public
    |
0017|     peace, health and safety that this act take effect immediately.
    |
0018|                                      
    |
0019|   
    |
0020|                    FORTY-SECOND LEGISLATURE
    |
0021|                      SECOND SESSION, 1996
    |
0022|   
    |
0023|   
    |
0024|                                              JANUARY 24, 1996
    |
0025|   
    |
0001|   Mr. President:
    |
0002|   
    |
0003|     Your COMMITTEES' COMMITTEE, to whom has been referred
    |
0004|   
    |
0005|                           SENATE BILL 189
    |
0006|   
    |
0007|   has had it under consideration and finds same to be GERMANE, PURSUANT
    |
0008|   TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND
    |
0009|   CULTURAL AFFAIRS COMMITTEE.
    |
0010|   
    |
0011|                              Respectfully submitted,
    |
0012|   
    |
0013|   
    |
0014|   
    |
0015|   
    |
0016|                              __________________________________
    |
0017|                              SENATOR MANNY M. ARAGON, Chairman 
    |
0018|   
    |
0019|   
    |
0020|   
    |
0021|   Adopted_______________________ Not Adopted_______________________
    |
0022|             (Chief Clerk)                        (Chief Clerk)
    |
0023|   
    |
0024|   
    |
0025|                     Date ________________________
    |
0001|   
    |
0002|   
    |
0003|   
    |
0004|     S0189CC1
    |
0005|   
    |
0006|                      FORTY-SECOND LEGISLATURE
    |
0007|                        SECOND SESSION, 1996
    |
0008|   
    |
0009|   
    |
0010|                                                   January 30, 1996
    |
0011|   
    |
0012|   Mr. President:
    |
0013|   
    |
0014|     Your SENATE INDIAN & CULTURAL AFFAIRS COMMITTEE, to
    |
0015|   whom has been referred
    |
0016|   
    |
0017|                           SENATE BILL 189
    |
0018|   
    |
0019|   has had it under consideration and reports same with recommendation that
    |
0020|   it DO PASS, and thence referred to the FINANCE COMMITTEE.
    |
0021|   
    |
0022|                              Respectfully submitted,
    |
0023|   
    |
0024|   
    |
0025|   
    |
0001|                              __________________________________
    |
0002|                              John Pinto, Chairman 
    |
0003|   
    |
0004|   
    |
0005|   
    |
0006|   Adopted_______________________ Not Adopted_______________________
    |
0007|             (Chief Clerk)                          (Chief Clerk)
    |
0008|   
    |
0009|   
    |
0010|   
    |
0011|                     Date ________________________
    |
0012|   
    |
0013|   
    |
0014|   The roll call vote was <u> 8 </u> For <u> 0 </u> Against
    |
0015|   Yes:  8
    |
0016|   No:        0
    |
0017|   Excused:   None
    |
0018|   Absent:    None
    |
0019|   
    |
0020|   
    |
0021|   SO189IC1
    |
0022|   
    |