SB 264 — RURAL LIBRARY DEVELOPMENT, PROGRAM & FUND

SENATE FLOOR SUBSTITUTE FOR SENATE BILL 264 54 TH LEGISLATURE- STATE OF NEW MEXICO - FIRST SESSIO, 2019 4 6 8 10 AN ACT RELATING TO LIBRARIES;

e9 t 17 w l n d 18 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

= = 19 SECTION 1.

A new section of Chapter 18 NMSA 1978 is a l i a e r 20 enacted to read:

a"RURAL t m m 21 "[NEW MATERIAL] RURAL LIBRARIES ENDOWMENT FUND--FUND--DISTRIBUTIONS.-- d r e 22 DISTRIBUTIONS.-- c e s k 23 A.

The "rural libraries endowment fund" is created e a n b 24 in the state treasury to support the preservation, development u [ and establishment of rural libraries throughout the state by .214472.1 SFl/SB 264 providing funding for rural libraries' operational and capital needs and funding for the delivery of specialized services to rural libraries.

SFL/SB 264 C.

Distributions of money from the rural libraries Page 1 endowment fund shall be:

(a) for fiscal year 2022 and each of the following five fiscal years, the difference, if positive, between all fund investment income yielded through the immediately preceding calendar year and all fund distributions, e e 17 up to five percent of the year-end market value of the fund for e e n d 18 the immediately preceding calendar year;

and = = l ] 19 (b) for fiscal year 2028 and each a l r i 20 subsequent fiscal year, the average of fund investment income t e a t yielded in the immediately preceding five calendar years, up to m m 21 e d five percent of the year-end market value of the fund for the r e 22 c e r c 23 immediately preceding calendar year;

and e a n b 24 (2) in the following proportions:

u [ (a) ninety-five percent of the gross .214472.1 - 2 - SFl/SB 264 distribution to the rural libraries program fund for grants through the rural libraries grant program;

"[NEW"RURAL MATERIAL] RURAL LIBRARIES GRANT PROGRAM--SPECIALIZED SERVICES.-- SFL/SB 264 A.

Page 2 Through that program, the state librarian shall annually disburse, in the form of grants directly benefiting developing rural libraries and established rural libraries and grants for the establishment of developing rural libraries in cities, towns and villages without libraries, money from the rural libraries program fund.

The state librarian shall endeavor e e 17 each year to disburse the full amount available for rural e e n d 18 libraries grants.

The portion, if any, of that amount not = = l ] 19 disbursed shall be made available for the next award of grants.

a l r i 20 B.

The state librarian shall use money allocated t e a t for specialized services to rural libraries from the rural m m 21 e d libraries endowment fund distribution to provide specialized r e 22 c e r c 23 services to rural libraries." e a n b 24 SECTION 3.

A new section of Chapter 18 NMSA 1978 is u [ enacted to read:

.214472.1"RURAL - 3 - SFl/SB 264 "[NEW MATERIAL] RURAL LIBRARIES PROGRAM FUND CREATED.--The "rural libraries program fund" is created in the state treasury.

Money in the fund may be appropriated by the legislature to carry out the provisions SFL/SB 264 of Sections 1 through 4 of this 2019 act.

Expenditures from Page 3 the fund shall be made upon warrant of the secretary of finance and administration pursuant to vouchers signed by the state librarian or the state librarian's authorized representative." SECTION 4.

"[NEW"DEFINITIONS.--As MATERIAL] DEFINITIONS.--As used in Sections 1 through 4 of this 2019 act, and to the extent allowed by law:

e e 17 A.

"developing rural library" means a rural library e e n d 18 whose library staff, whether salaried or volunteer, is = = l ] 19 dedicated to delivering library services to the public for at a l r i 20 least fifteen hours per week and on at least two days each t e a t week;

m m 21 e d B.

"established rural library" means a rural r e 22 c e r c 23 library:

e a n b 24 (1) with permanent, salaried staff;

and u [ (2) that offers library services to the public .214472.1 - 4 - SFl/SB 264 for at least twenty-five hours per week;

(1) through an ordinance or legal resolution adopted by a political subdivision of the state and is located in a municipality with a population at the time of the library's establishment of three thousand or less or is SFL/SB 264 located in an unincorporated area of the state;

Page 4 (2) by a legal resolution of a tribal government in New Mexico and is located in a census designated place with a population at the time of the library's establishment of three thousand or less;

or (3) as a corporation with tax-exempt status pursuant to Section 501(c)(3) of the United States Internal Revenue Code of 1986 and is located in a municipality with a population at the time of the library's establishment of three e e 17 thousand or less or is located in an unincorporated area of the e e n d 18 state;

and = = l ] 19 D.

"specialized services" means professional a l r i 20 development opportunities, program support, information t e a t technology support and other capacity-building services, as m m 21 e d defined by the state librarian." r e 22 c e r c 23 SECTION 5.

Section 6-8-1 NMSA 1978 (being Laws 1957, e a n b 24 Chapter 179, Section 1, as amended) is amended to read:

u [ "6-8-1.

DEFINITIONS.--As used in Chapter 6, Article 8 .214472.1 - 5 - SFl/SB 264 NMSA 1978:

"land grant permanent funds" means the permanent school fund established [pursuant to the provisions of ] by Article 12, Section 2 of the constitution of New Mexico and all other permanent funds SFL/SB 264 derived from lands granted or confirmed to the state by the Page 5 act of congress of June 20, 1910, entitled "An Act To enable the people of New Mexico to form a constitution and state government and be admitted into the Union on an equal footing with the original States...";

"permanent funds" means the land grant permanent funds, rural libraries endowment fundfund, , severance tax permanent fund, tobacco settlement permanent fund and water trust fund;

"secretary" means the secretary of finance and e e 17 administration;