0001| SENATE BILL 456 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| JOSEPH A. FIDEL | 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 SENATE DISTRICT 30 | 0014| IN CIBOLA, VALENCIA AND SOCORRO COUNTIES; MAKING APPROPRIATIONS; | 0015| DECLARING AN EMERGENCY. | 0016| | 0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0018| Section 1. SEVERANCE TAX BONDS--AUTHORIZATIONS-- | 0019| APPROPRIATION OF PROCEEDS.-- | 0020| A. The state board of finance may issue and sell | 0021| severance tax bonds in compliance with the Severance Tax Bonding | 0022| Act in an amount not to exceed the total of the amounts | 0023| authorized for purposes specified in Sections 2 through 6 of | 0024| this act. The state board of finance shall schedule the | 0025| issuance and sale of the bonds in the most expeditious and | 0001| economical manner possible upon a finding by the board that the | 0002| project has been developed sufficiently to justify the issuance | 0003| and that the project can proceed to contract within a reasonable | 0004| time. The state board of finance shall further take the | 0005| appropriate steps necessary to comply with the Internal Revenue | 0006| Code of 1986, as amended. Proceeds from the sale of the bonds | 0007| are appropriated for the purposes specified in Sections 2 | 0008| through 6 of this act. | 0009| B. The agencies named in Sections 2 through 6 of | 0010| this act shall certify to the state board of finance when the | 0011| money from the proceeds of the severance tax bonds authorized in | 0012| this section is needed for the purposes specified in the | 0013| applicable section of this act. | 0014| C. If the specified agency has not certified the | 0015| need for the issuance of the bonds by the end of fiscal year | 0016| 1998, the authorization provided in this act shall be void. | 0017| D. Unless otherwise specified in this act, any | 0018| unexpended or unencumbered balance remaining from the proceeds | 0019| of severance tax bonds issued pursuant to Sections 2 through 6 | 0020| of this act at the end of fiscal year 1999 shall revert to the | 0021| severance tax bonding fund. | 0022| Section 2. SEVERANCE TAX BONDS--DEPARTMENT OF FINANCE AND | 0023| ADMINISTRATION--PURPOSES.--Pursuant to the provisions of Section | 0024| 1 of this act, upon certification by the local government | 0025| division of the department of finance and administration that | 0001| the need exists for the issuance of the bonds, the following | 0002| amounts are appropriated to the local government division of the | 0003| department of finance and administration for the following | 0004| purposes: | 0005| A. seven hundred fifty-four thousand dollars | 0006| ($754,000) for renovation and rehabilitation to the reservoir | 0007| water tank in the city of Grants located in Cibola county; | 0008| B. one hundred eighty thousand dollars ($180,000) to | 0009| purchase a fire engine and to upgrade, replace and purchase | 0010| equipment for the fire division in the city of Grants located in | 0011| Cibola county; | 0012| C. one million eight hundred thousand dollars | 0013| ($1,800,000) to construct a multicultural center in the city of | 0014| Grants located in Cibola county; | 0015| D. eight hundred thousand dollars ($800,000) to | 0016| construct a new city hall building in the city of Grants located | 0017| in Cibola county; | 0018| E. one hundred thousand dollars for construction of | 0019| an expansion to a fire station in the city of Grants located in | 0020| Cibola county; | 0021| F. ninety thousand dollars ($90,000) to purchase and | 0022| replace high mileage police vehicles in the city of Grants | 0023| located in Cibola county; | 0024| G. one hundred thousand dollars ($100,000) for | 0025| renovation and repairs to municipal buildings to comply with | 0001| federal Americans with Disabilities Act of 1990 requirements in | 0002| Grants located in Cibola county; | 0003| H. three hundred thousand dollars ($300,000) for | 0004| lighting, concession stand, bleachers and construction of a | 0005| recreational complex at Paddy Martinez ballfield in the city of | 0006| Grants located in Cibola county; | 0007| I. one hundred thousand dollars ($100,000) for | 0008| construction of a convention center in the city of Grants | 0009| located in Cibola county; | 0010| J. forty-five thousand dollars ($45,000) to reroof | 0011| the Cibola senior citizen center metal building in the city of | 0012| Grants located in Cibola county; | 0013| K. twenty-five thousand dollars ($25,000) for | 0014| replacement and relocation of lights for the softball field at | 0015| Wells Park in the city of Grants located in Cibola county; | 0016| L. thirty thousand dollars ($30,000) to repair the | 0017| roof of the animal control shelter in the city of Grants located | 0018| in Cibola county; | 0019| M. one hundred fifty thousand dollars ($150,000) for | 0020| land acquisition and improvements for a cemetery in the city of | 0021| Grants located in Cibola county; and | 0022| N. thirty-five thousand dollars ($35,000) to | 0023| renovate and equip the mining museum in the city of Grants | 0024| located in Cibola county. | 0025| Section 3. SEVERANCE TAX BONDS--NEW MEXICO OFFICE OF | 0001| INDIAN AFFAIRS--PURPOSES.--Pursuant to the provisions of Section | 0002| 1 of this act, upon certification by the New Mexico office of | 0003| Indian affairs that the need exists for the issuance of the | 0004| bonds, the following amounts are appropriated to the New Mexico | 0005| office of Indian affairs for the following purposes: | 0006| A. one hundred ten thousand dollars ($110,000) for | 0007| improvements to and resurfacing of the Laguna/Acoma high school | 0008| track located in Cibola county; and | 0009| B. three hundred fifty-four thousand dollars | 0010| ($354,000) to design, construct and equip a court building for | 0011| the Navajo nation in Alamo in Socorro county. | 0012| Section 4. SEVERANCE TAX BONDS--STATE AGENCY ON AGING--PURPOSE.--Pursuant to the provisions of Section 1 of this act, | 0013| upon certification by the state agency on aging that the need | 0014| exists for the issuance of the bonds, one hundred fifteen | 0015| thousand dollars ($115,000) is appropriated to the state agency | 0016| on aging for planning and designing two senior citizen centers | 0017| on the Laguna reservation located in Cibola county. | 0018| Section 5. SEVERANCE TAX BONDS--STATE DEPARTMENT OF PUBLIC | 0019| EDUCATION--PURPOSES.--Pursuant to the provisions of Section 1 of | 0020| this act, upon certification by the state department of public | 0021| education that the need exists for the issuance of the bonds, | 0022| the following amounts are appropriated to the state department | 0023| of public education for the following purposes: | 0024| A. two hundred thousand dollars ($200,000) for | 0025| lighting, sprinklers, sodding, fencing and resurfacing of the | 0001| community outdoor recreational facility located on the Grants | 0002| high school campus in Grants located in Cibola county; and | 0003| B. one hundred thousand dollars ($100,000) for | 0004| planning a comprehensive junior/senior high school for the | 0005| Grants/Cibola county schools in cooperation with Laguna pueblo | 0006| to be located in Cibola county. | 0007| Section 6. SEVERANCE TAX BONDS--STATE HIGHWAY AND | 0008| TRANSPORTATION DEPARTMENT--PURPOSE.--Pursuant to the provisions | 0009| of Section 1 of this act, upon certification by the state | 0010| highway and transportation department that the need exists for | 0011| the issuance of the bonds, eighty-eight thousand dollars | 0012| ($88,000) is appropriated to the state highway and | 0013| transportation department to make improvements to Quail road in | 0014| Valencia county. | 0015| Section 7. EMERGENCY.--It is necessary for the public | 0016| peace, health and safety that this act take effect immediately. | 0017|  | 0018| | 0019| FORTY-SECOND LEGISLATURE | 0020| SECOND SESSION, 1996 | 0021| | 0022| | 0023| JANUARY 30, 1996 | 0024| | 0025| Mr. President: | 0001| | 0002| Your COMMITTEES' COMMITTEE, to whom has been referred | 0003| | 0004| SENATE BILL 456 | 0005| | 0006| has had it under consideration and finds same to be GERMANE, PURSUANT | 0007| TO CONSTITUTIONAL PROVISIONS, and thence referred to the FINANCE | 0008| COMMITTEE. | 0009| | 0010| Respectfully submitted, | 0011| | 0012| | 0013| | 0014| | 0015| __________________________________ | 0016| SENATOR MANNY M. ARAGON, Chairman | 0017| | 0018| | 0019| | 0020| Adopted_______________________ Not Adopted_______________________ | 0021| (Chief Clerk) (Chief Clerk) | 0022| | 0023| | 0024| Date ________________________ | 0025| | 0001| | 0002| | 0003| S0456CC1 |