0001| SENATE BILL 634 | 0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, | 0003| 1996 | 0004| INTRODUCED BY | 0005| BILLY J. MCKIBBEN | 0006| | 0007| | 0008| | 0009| | 0010| | 0011| AN ACT | 0012| RELATING TO CAPITAL EXPENDITURES; AUTHORIZING THE ISSUANCE OF | 0013| SEVERANCE TAX BONDS FOR VARIOUS CAPITAL PROJECTS IN THE CITY OF | 0014| CLOVIS IN CURRY COUNTY; MAKING APPROPRIATIONS; DECLARING AN | 0015| 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 5 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 expenditure for projects in the city of | 0008| Clovis in Curry county for the purposes specified in Sections 2 | 0009| through 5 of this act. | 0010| B. The agencies named in Sections 2 through 5 of | 0011| this act shall certify to the state board of finance when the | 0012| money from the proceeds of the severance tax bonds authorized in | 0013| this section is needed for the purposes specified in the | 0014| applicable section of this act. | 0015| C. If the specified agency has not certified the | 0016| need for the issuance of the bonds by the end of fiscal year | 0017| 1998, the authorization provided in this act shall be void. | 0018| D. Unless otherwise specified in this act, any | 0019| unexpended or unencumbered balance remaining from the proceeds | 0020| of severance tax bonds issued pursuant to Sections 2 through 5 | 0021| of this act at the end of fiscal year 1999 shall revert to the | 0022| severance tax bonding fund. | 0023| Section 2. SEVERANCE TAX BONDS--DEPARTMENT OF | 0024| ENVIRONMENT--PURPOSES.--Pursuant to the provisions of Section 1 | 0025| of this act, upon certification by the department of environment | 0001| that the need exists for the issuance of the bonds, four million | 0002| two hundred thousand dollars ($4,200,000) is appropriated to the | 0003| department of environment in the following amounts for the | 0004| following purposes: | 0005| A. six hundred thousand dollars ($600,000) for a | 0006| wastewater sludge composting facility in Curry county; and | 0007| B. three million six hundred thousand dollars | 0008| ($3,600,000) for planning, designing or constructing a two-million gallons per day expansion of the wastewater treatment | 0009| facility in Curry county. | 0010| Section 3. SEVERANCE TAX BONDS--STATE HIGHWAY AND | 0011| TRANSPORTATION DEPARTMENT--PURPOSES.--Pursuant to the provisions | 0012| of Section 1 of this act, upon certification by the state | 0013| highway and transportation department that the need exists for | 0014| the issuance of the bonds, two million eight hundred thousand | 0015| dollars ($2,800,000) is appropriated to the state highway and | 0016| transportation department in the following amounts for the | 0017| following purposes: | 0018| A. one million seven hundred thousand dollars | 0019| ($1,700,000) for phase III reconstruction of west Seventh street | 0020| from Tharp to Bonita streets, including street lighting, | 0021| sidewalks and drainage systems in Curry county; | 0022| B. two hundred fifty thousand dollars ($250,000) for | 0023| reconstruction and widening of Twenty-first street from Gerry to | 0024| Thomas streets in Curry county; | 0025| C. one hundred thousand dollars ($100,000) for | 0001| street and drainage improvements to Echols street at the Liebelt | 0002| ditch in Curry county; | 0003| D. three hundred fifty thousand dollars ($350,000) | 0004| to reconstruct and widen east Seventh street from Norris to | 0005| Humphrey streets in Curry county; and | 0006| E. four hundred thousand dollars ($400,000) to | 0007| reconstruct and widen Thomas street from Riata to Llano Estacado | 0008| in Curry county. | 0009| Section 4. SEVERANCE TAX BONDS--DEPARTMENT OF FINANCE AND | 0010| ADMINISTRATION--PURPOSES.--Pursuant to the provisions of Section | 0011| 1 of this act, upon certification by the local government | 0012| division of the department of finance and administration that | 0013| the need exists for the issuance of the bonds, four million nine | 0014| hundred eighty-eight thousand dollars ($4,988,000) is | 0015| appropriated to the local government division of the department | 0016| of finance and administration in the following amounts for the | 0017| following purposes: | 0018| A. one hundred fifty thousand dollars ($150,000) for | 0019| purchase and installation of playground equipment in various | 0020| municipal parks in Curry county; | 0021| B. one hundred thousand dollars ($100,000) to plan, | 0022| design or construct a maintenance shop and storage facility for | 0023| the municipal parks division in Curry county; | 0024| C. forty thousand dollars ($40,000) to replace the | 0025| gymnasium floor at the Roy Walker center in Curry county; | 0001| D. one hundred thousand dollars ($100,000) for | 0002| purchase and installation of equipment and playground systems | 0003| for the Ned Houk park in Curry county; | 0004| E. seventy thousand dollars ($70,000) for median | 0005| beautification on various municipal streets in Curry county; | 0006| F. twenty-eight thousand dollars ($28,000) to plan, | 0007| design or construct a reptile exhibit facility at the municipal | 0008| zoo in Curry county; and | 0009| G. four million five hundred thousand dollars | 0010| ($4,500,000) to plan, design or construct a municipal convention | 0011| and civic center facility in Curry county. | 0012| Section 5. SEVERANCE TAX BONDS--CLOVIS COMMUNITY COLLEGE | 0013| GOVERNING BOARD--PURPOSE.--Pursuant to the provisions of Section | 0014| 1 of this act, upon certification by the governing board of | 0015| Clovis community college in that the need exists for the | 0016| issuance of the bonds, one million one hundred thousand dollars | 0017| ($1,100,000) is appropriated to the governing board of Clovis | 0018| community college in Curry county for the purpose of planning, | 0019| designing or constructing a new classroom addition and | 0020| renovation of the college library. | 0021| Section 6. EMERGENCY.--It is necessary for the public | 0022| peace, health and safety that this act take effect immediately. | 0023|  | 0024| | 0025| FORTY-SECOND LEGISLATURE | 0001| SECOND SESSION, 1996 | 0002| | 0003| | 0004| JANUARY 31, 1996 | 0005| | 0006| Mr. President: | 0007| | 0008| Your COMMITTEES' COMMITTEE, to whom has been referred | 0009| | 0010| SENATE BILL 634 | 0011| | 0012| has had it under consideration and finds same to be GERMANE, PURSUANT | 0013| TO CONSTITUTIONAL PROVISIONS, and thence referred to the FINANCE | 0014| COMMITTEE. | 0015| | 0016| Respectfully submitted, | 0017| | 0018| | 0019| | 0020| | 0021| __________________________________ | 0022| SENATOR MANNY M. ARAGON, Chairman | 0023| | 0024| | 0025| | 0001| Adopted_______________________ Not Adopted_______________________ | 0002| (Chief Clerk) (Chief Clerk) | 0003| | 0004| | 0005| Date ________________________ | 0006| | 0007| | 0008| | 0009| S0634CC1 |