0001| SENATE BILL 539
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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| LEONARD TSOSIE
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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 FOR THE CONSTRUCTION OF A CHILD-CARE CENTER
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0014| AT THE CROWNPOINT INSTITUTE OF TECHNOLOGY IN MCKINLEY COUNTY;
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0015| MAKING AN APPROPRIATION; DECLARING AN 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 six hundred thousand
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0021| dollars ($600,000) when the New Mexico office of Indian affairs
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0022| certifies the need for the issuance of the bonds. The state
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0023| board of finance shall schedule the issuance and sale of the
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0024| bonds in the most expeditious and economical manner possible
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0025| upon a finding by the board that the project has been developed
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0001| sufficiently to justify the issuance and that the project can
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0002| proceed to contract within a reasonable time. The state board
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0003| of finance shall further take the appropriate steps necessary to
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0004| comply with the Internal Revenue Code of 1986, as amended. The
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0005| proceeds from the sale of the bonds are appropriated to the New
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0006| Mexico office of Indian affairs for the purpose of constructing
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0007| a child-care center at the Crownpoint institute of technology
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0008| located in McKinley county. Any unexpended or unencumbered
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0009| balance remaining at the end of fiscal year 1999 shall revert to
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0010| the severance tax bonding fund. If the New Mexico office of
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0011| Indian affairs has not certified the need for the issuance of
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0012| the bonds by the end of fiscal year 1998, the authorization
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0013| provided in this section shall be void.
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0014| Section 2. EMERGENCY.--It is necessary for the public
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0015| peace, health and safety that this act take effect immediately.
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0016| - 2 -
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0017|
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0018| FORTY-SECOND LEGISLATURE
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0019| SECOND SESSION, 1996
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0020|
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0021|
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0022| JANUARY 30, 1996
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0023|
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0024| Mr. President:
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0025|
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0001| Your COMMITTEES' COMMITTEE, to whom has been referred
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0002|
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0003| SENATE BILL 539
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0004|
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0005| has had it under consideration and finds same to be GERMANE, PURSUANT
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0006| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND
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0007| CULTURAL AFFAIRS COMMITTEE.
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0008|
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0009| Respectfully submitted,
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0010|
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0011|
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0012|
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0013|
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0014| __________________________________
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0015| SENATOR MANNY M. ARAGON, Chairman
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0016|
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0017|
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0018|
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0019| Adopted_______________________ Not Adopted_______________________
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0020| (Chief Clerk) (Chief Clerk)
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0021|
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0022|
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0023| Date ________________________
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0024|
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0025|
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0001|
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0002| S0539CC1
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0003|
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0004| FORTY-SECOND LEGISLATURE
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0005| SECOND SESSION, 1996
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0006|
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0007|
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0008| JANUARY 30, 1996
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0009|
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0010| Mr. President:
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0011|
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0012| Your COMMITTEES' COMMITTEE, to whom has been referred
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0013|
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0014| SENATE BILL 539
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0015|
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0016| has had it under consideration and finds same to be GERMANE, PURSUANT
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0017| TO CONSTITUTIONAL PROVISIONS, and thence referred to the INDIAN AND
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0018| CULTURAL AFFAIRS COMMITTEE.
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0019|
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0020| Respectfully submitted,
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0021|
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0022|
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0023|
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0024|
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0025| __________________________________
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0001| SENATOR MANNY M. ARAGON, Chairman
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0002|
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0003|
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0004|
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0005| Adopted_______________________ Not Adopted_______________________
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0006| (Chief Clerk) (Chief Clerk)
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0007|
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0008|
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0009| Date ________________________
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0010|
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0011|
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0012|
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0013| S0539CC1
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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 1, 1996
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0020|
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0021| Mr. President:
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0022|
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0023| Your INDIAN & CULTURAL AFFAIRS COMMITTEE, to whom has
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0024| been referred
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0025|
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0001| SENATE BILL 539
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0002|
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0003| has had it under consideration and reports same with recommendation that
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0004| it DO PASS, and thence referred to the FINANCE COMMITTEE.
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0005|
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0006| Respectfully submitted,
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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| John Pinto, Chairman
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0012|
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0013|
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0014|
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0015| Adopted_______________________ Not Adopted_______________________
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0016| (Chief Clerk) (Chief Clerk)
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0017|
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0018|
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0019|
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0020| Date ________________________
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0021|
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0022|
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0023| The roll call vote was 5 For 0 Against
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0024| Yes: 5
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0025| No: 0
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0001| Excused: Maes, McKibben & Kysar
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0002| Absent: None
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0003|
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0004|
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0005| S0539IC1
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0006|
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