2020 CAPITAL PROJECTS GO BOND ACT
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SB 207 — 2020 CAPITAL PROJECTS GO BOND ACT
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 29, 2020. Enacted.
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Bill Text
What changed in the latest version
974 added · 1254 removedPlain-language change summary
The recent changes to SB 207 include clearer language regarding the purposes for which the bonds will be issued, specifically emphasizing funding for senior citizen facilities, libraries, and various educational institutions. This matters because it outlines how the state plans to allocate funds for important community resources and ensures that voters understand these uses when deciding on the bond approval during the upcoming election. Additionally, a declaration of emergency has been included, which may expedite the process and highlight the urgency of these improvements.
SENATE FINANCE COMMITTEE SUBSTITUTE FOR SENATE BILL 207 54TH LEGISLATURE - STATEOFNEWMEXICO- SECOND SESSION , 2020 4 6 8 10 AN ACT RELATING TO GENERAL OBLIGATION BONDS;
AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL OBLIGATION BONDS TO MAKE CAPITAL EXPENDITURES FOR SENIOR CITIZEN FACILITY IMPROVEMENTS, 14 CONSTRUCTION AND ACQUISITIONS, FOR LIBRARY ACQUISITIONS AND FOR CAPITAL IMPROVEMENTS AND ACQUISITIONS AT INSTITUTIONS OF HIGHER EDUCATION, STATE SPECIAL SCHOOLS AND TRIBAL SCHOOLS;
PROVIDING e t 17 FOR A PROPERTY TAX LEVY FOR PAYMENT OF PRINCIPAL OF, INTEREST w l n d 18 ON AND CERTAIN COSTS RELATED TO THE BONDS;
REQUIRING APPROVAL = = 19 OF THE REGISTERED VOTERS AT THE 2020 GENERAL ELECTION OF THE a l i a e r 20 STATE;
a t m m 21 d r e 22 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
c e s k 23 SECTION 1.
SHORT TITLE.--This act may be cited as the e a n b 24 "2020 Capital Projects General Obligation Bond Act".
u [ SECTION 2.
PURPOSE.--For the purpose of providing funds .217652.1 SFC/SB 207 for capital expenditures as authorized in the 2020 Capital Projects General Obligation Bond Act, general obligation indebtedness of the state is authorized for the purposes and in the amounts set forth in Section 10 of that act.
The state board of finance, except as limited by the 2020 Capital Projects General Obligation Bond Act, shall determine the terms, covenants and conditions of bonds SFC/SB 207 Page 1 issued pursuant to that act, including:
and (4) provisions for redemption, including premiums, registration and refundability, whether the bonds are issued in one or more series and other covenants relating to e e 17 the bonds and the issuance thereof.
e e n d 18 B.
The bonds shall be in such form as the state = = l ] 19 board of finance determines with an appropriate series a l r i 20 designation and shall bear interest payable as set forth in the t e a t resolution of the state board of finance.
m m 21 e d C.
Payment of the principal of the bonds shall r e 22 c e r c 23 begin not more than two years after the date of their issuance, e a n b 24 and the bonds shall mature not later than ten years after the u [ date of their issuance.
Both principal and interest shall be .217652.1 - 2 - SFC/SB 207 payable in lawful money of the United States at the office of the paying agent within or without the state as the state board of finance may direct.
The bonds shall be executed with the manual or facsimile signature of the governor or the state treasurer, and the seal or a facsimile of the seal of the state shall be placed on each bond, except for any series of bonds issued in book entry or similar form without the delivery of physical SFC/SB 207 Page 2 securities.
The full faith and credit of the state is e e 17 pledged for the prompt payment when due of the principal of and e e n d 18 interest on all bonds issued and sold pursuant to the 2020 = = l ] 19 Capital Projects General Obligation Bond Act.
a l r i 20 SECTION 4.
EXPENDITURES.--The proceeds from the sale of t e a t the bonds shall be expended solely for providing money to be m m 21 e d distributed for the purposes and in amounts not to exceed the r e 22 c e r c 23 amounts set forth in Section 10 of the 2020 Capital Projects e a n b 24 General Obligation Bond Act and to pay expenses incurred under u [ Section 6 of that act.
Any proceeds from the sale of the bonds .217652.1 - 3 - SFC/SB 207 that are not required for the purposes set forth in Sections 6 and 10 of that act shall be used for the purpose of paying the principal of and interest on the bonds.
The bonds may be sold at private sale or at public sale, in either case at not less SFC/SB 207 Page 3 than par plus accrued interest to the date of delivery.
The required publications shall be made once each week for two consecutive weeks prior to the date fixed for the sale, the last publication thereof to be at least five days prior to the date e e 17 of the sale.
The notice shall specify the amount, e e n d 18 denomination, maturity and description of the bonds to be = = l ] 19 offered for sale and the place, date and hour at which the a l r i 20 sealed bids shall be received.
At the time and place specified t e a t in the notice, the state board of finance shall open the bids m m 21 e d in public and shall award the bonds to the bidder or bidders r e 22 c e r c 23 offering the best price for the bonds.
The state board of e a n b 24 finance may reject any or all bids and readvertise and may u [ waive any irregularity in a bid.
All bids, except that of the .217652.1 - 4 - SFC/SB 207 state, shall be accompanied by a deposit of two percent of the principal amount of the bonds in a form acceptable to the state board of finance.
The state treasurer or state investment officer is authorized to purchase any of SFC/SB 207 Page 4 the bonds for investment.
EXPENSES.--The expenses incurred by the state board of finance in or relating to the preparation and sale of the bonds shall be paid out of the proceeds from the sale of the bonds, and all rebate, penalty, interest and other obligations of the state relating to the bonds and bond e e 17 proceeds under the Internal Revenue Code of 1986, as amended, e e n d 18 shall be paid from earnings on bond proceeds or other money of = = l ] 19 the state, legally available for such payments.
a l r i 20 SECTION 7.
PROPERTY TAX LEVY.--To provide for the payment t e a t of the principal of and interest on the bonds issued and sold m m 21 e d pursuant to the provisions of the 2020 Capital Projects General r e 22 c e r c 23 Obligation Bond Act, there shall be and there is hereby imposed e a n b 24 and levied during each year in which any of the bonds are u [ outstanding an ad valorem tax on all property in the state .217652.1 - 5 - SFC/SB 207 subject to property taxation for state purposes sufficient to pay the interest as it becomes due on the bonds, together with an amount sufficient to provide a sinking fund to pay the principal of the bonds as it becomes due, and, if permitted by law, ad valorem taxes may be collected to pay administrative costs incident to the collection of such taxes.
The taxes shall be imposed, SFC/SB 207 Page 5 levied, assessed and collected at the times and in the manner that other property taxes for state purposes are imposed, levied, assessed and collected.
TREASURER--DUTIES.--The state treasurer shall keep separate accounts of all money collected pursuant to the taxes imposed and levied pursuant to the provisions of the 2020 Capital Projects General Obligation Bond Act and shall use this money only for the purposes of paying the principal of and e e 17 interest on the bonds as they become due and any expenses e e n d 18 relating thereto.
= = l ] 19 SECTION 9.
IRREPEALABLE CONTRACT--AUTHORITY FOR a l r i 20 ISSUANCE.--An owner of bonds issued pursuant to the provisions t e a t of the 2020 Capital Projects General Obligation Bond Act may, m m 21 e d r e 22 either at law or in equity, by suit, action or mandamus, c e r c 23 enforce and compel the performance of the duties required by e a n b 24 that act of any officer or entity mentioned in that act.
The u [ provisions of that act constitute an irrepealable contract with .217652.1 - 6 - SFC/SB 207 the owners of any of the bonds issued pursuant to that act for the faithful performance of which the full faith and credit of the state is pledged.
Without reference to any other act of the legislature, the 2020 Capital Projects General Obligation Bond Act is full authority for the issuance and sale of the bonds authorized SFC/SB 207 Page 6 in that act, and such bonds shall have all the qualities of investment securities under the Uniform Commercial Code, shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale of the bonds and shall be incontestable in the hands of bona fide purchasers or holders thereof for value.
PROJECTS.--The proceeds from the sale of bonds issued under the provisions of the 2020 Capital Projects e e 17 General Obligation Bond Act shall be distributed as follows for e e n d 18 the purposes and in the amounts specified:
= = l ] 19 A.
for senior citizen facility improvement, a l r i 20 construction and equipment acquisition projects, to the aging t e a t and long-term services department:
Show all 147 changed lines (107 more)
m m 21 e d (1) fifty-two thousand three hundred twenty r e 22 c e r c 23 dollars ($52,320) to purchase and equip vehicles for the city e a n b 24 of Albuquerque senior affairs kitchen site in Albuquerque in u [ Bernalillo county;
.217652.1 - 7 - SFC/SB 207 (2) one hundred fourteen thousand four hundred dollars ($114,400) for renovations to the Barelas senior center in Albuquerque in Bernalillo county;
(3) three hundred fifty-nine thousand two hundred dollars ($359,200) for renovations to the Highland SFC/SB 207 Page 7 senior center in Albuquerque in Bernalillo county;
(4) eighty-one thousand seven hundred eighty-eighty-two two dollars ($81,782) to purchase and equip vehicles for the Highland senior center in Albuquerque in Bernalillo county;
e e 17 (7) eighty-one thousand seven hundred eighty-eighty-two e e n d 18 two dollars ($81,782) to purchase and equip vehicles for the = = l ] 19 Palo Duro senior center in Albuquerque in Bernalillo county;
a l r i 20 (8) one hundred ten thousand dollars t e a t ($110,000) for renovations to the Raymond G.
Sanchez community m m 21 e d center in Bernalillo county;
r e 22 c e r c 23 (9) one hundred forty-five thousand twenty-twenty-five e a n b 24 five dollars ($145,025) to plan and design an expansion at the u [ Rio Bravo meal site in Bernalillo county;
.217652.1 - 8 - SFC/SB 207 (10) ninety-three thousand eight hundred thirty-three dollars ($93,833) for renovations to the Lake Arthur Joy center in Chaves county;
SFC/SB 207 Page 8 (11) eighty-four thousand seven hundred sixteen dollars ($84,716) for renovations to the Midway Joy center in Chaves county;
(12) fifty-one thousand seven hundred twenty-twenty-eight eight dollars ($51,728) to purchase and equip vehicles for the Midway Joy center in Chaves county;
(15) three hundred twelve thousand six hundred e e 17 forty-five dollars ($312,645) to purchase and equip vehicles e e n d 18 for the Roswell Joy center in Chaves county;
= = l ] 19 (16) sixty-eight thousand two hundred twenty-twenty-five a l r i 20 five dollars ($68,225) for renovations to the Acoma Pueblo t e a t senior center in the Pueblo of Acoma in Cibola county;
m m 21 e d (17) one hundred nine thousand four hundred r e 22 c e r c 23 seventy-six dollars ($109,476) to purchase and equip vehicles e a n b 24 for the Acoma Pueblo senior center in the Pueblo of Acoma in u [ Cibola county;
.217652.1 - 9 - SFC/SB 207 (18) fifty-five thousand dollars ($55,000) to purchase and equip vehicles for the Cimarron senior center in Colfax county;
SFC/SB 207 Page 9 (19) two hundred seventy-four thousand eight hundred dollars ($274,800) for renovations to the Eagle Nest senior center in Eagle Nest in Colfax county;
(23) four million seven hundred three thousand e e 17 nine hundred forty-six dollars ($4,703,946) to plan, design, e e n d 18 construct, equip and furnish the Hillcrest senior center in = = l ] 19 Clovis in Curry county;
a l r i 20 (24) thirty thousand dollars ($30,000) to t e a t purchase and equip vehicles for the Melrose senior center in m m 21 e d Melrose in Curry county;
r e 22 c e r c 23 (25) two hundred forty-nine thousand dollars e a n b 24 ($249,000) to purchase and equip vehicles for the Anthony u [ community center in Dona Ana county;
.217652.1 - 10 - SFC/SB 207 (26) one hundred thousand dollars ($100,000) for renovations to the Dona Ana community center in Dona Ana county;
SFC/SB 207 Page 10 (27) nine hundred thirty thousand dollars ($930,000) to plan, design, construct, equip and furnish the East Mesa/Sage cafe senior center in Las Cruces in Dona Ana county;
(30) one hundred sixteen thousand dollars ($116,000) for renovations to the Radium Springs community e e 17 center in Dona Ana county;
e e n d 18 (31) seven hundred sixty thousand dollars = = l ] 19 ($760,000) for renovations to the San Jose senior center in a l r i 20 Carlsbad in Eddy county;
t e a t (32) fifty thousand dollars ($50,000) for m m 21 e d renovations to the Gila senior center in Grant county;
r e 22 c e r c 23 (33) sixty-seven thousand eight hundred e a n b 24 twenty-six dollars ($67,826) to purchase and equip vehicles for u [ the Gila senior center in Grant county;
.217652.1 - 11 - SFC/SB 207 (34) fifty thousand dollars ($50,000) for renovations to the Mimbres senior center in Grant county;
(35) seventy-three thousand four hundred SFC/SB 207 Page 11 four dollars ($73,404) to purchase and install meals equipment and other equipment at the Santa Clara senior center in Santa Clara in Grant county;
e e 17 (39) twenty-nine thousand seven hundred e e n d 18 seventy-seven dollars ($29,777) to purchase and install meals = = l ] 19 equipment and other equipment at the Ena Mitchell senior center a l r i 20 in Lordsburg in Hidalgo county;
t e a t (40) forty-five thousand eight hundred twenty-twenty-two m m 21 e d two dollars ($45,822) to purchase and equip vehicles for the r e 22 c e r c 23 Carrizozo senior center in Lincoln county;
e a n b 24 (41) forty-two thousand two hundred forty u [ dollars ($42,240) to purchase and install meals equipment and .217652.1 - 12 - SFC/SB 207 other equipment at the Hondo senior center in Lincoln county;
(42) twenty-two thousand one hundred seventy-seventy-two two dollars ($22,172) to purchase and equip vehicles SFC/SB 207 Page 12 for the Hondo senior center in Lincoln county;
(44) twenty-two thousand one hundred seventy-seventy-two two dollars ($22,172) to purchase and equip vehicles for the Ruidoso Downs Zia senior center in Lincoln county;
(46) two hundred fifty-five thousand ninety-ninety-two two dollars ($255,092) for renovations to the Deming senior center in Deming in Luna county;
e e 17 (47) one hundred forty thousand one hundred e e n d 18 seventy dollars ($140,170) to purchase and equip vehicles for = = l ] 19 the Deming senior center in Deming in Luna county;
a l r i 20 (48) eight hundred ten thousand dollars t e a t ($810,000) for renovations to the Baahaali senior center in the m m 21 e d Baahaali chapter of the Navajo Nation in McKinley county;
r e 22 c e r c 23 (49) twenty-two thousand dollars ($22,000) for e a n b 24 improvements to the facility to address code compliance issues u [ and for the purchase and installation of equipment and building .217652.1 - 13 - SFC/SB 207 systems at the Baca senior center in the Baca/Prewitt chapter of the Navajo Nation in McKinley county;
(50) nine hundred fifty thousand dollars SFC/SB 207 Page 13 ($950,000) for improvements to the facility to address code compliance issues and for the purchase and installation of equipment and building systems at the Chichiltah senior center in the Chichiltah chapter of the Navajo Nation in McKinley county;
(52) one hundred one thousand one hundred dollars ($101,100) for renovations to the Crownpoint chapter e e 17 senior center in the Crownpoint chapter of the Navajo Nation in e e n d 18 McKinley county;
= = l ] 19 (53) fifty thousand dollars ($50,000) to a l r i 20 purchase and equip vehicles for the Crystal senior center in t e a t the Crystal chapter of the Navajo Nation in McKinley county;
m m 21 e d (54) twenty thousand dollars ($20,000) to r e 22 c e r c 23 purchase and install meals equipment and other equipment at the e a n b 24 Gallup senior center in Gallup in McKinley county;
u [ (55) seventy-five thousand dollars ($75,000) .217652.1 - 14 - SFC/SB 207 to purchase and equip vehicles for the Gallup senior center in Gallup in McKinley county;
(56) one hundred ten thousand dollars SFC/SB 207 Page 14 ($110,000) to plan and design the Manuelito senior center in the Manuelito chapter of the Navajo Nation in McKinley county;
e e 17 (59) three hundred thirty-eight thousand seven e e n d 18 hundred ten dollars ($338,710) to plan and design the Nageezi = = l ] 19 senior center in the Nageezi chapter of the Navajo Nation in a l r i 20 McKinley county;
t e a t (60) two million eight hundred thousand m m 21 e d dollars ($2,800,000) to plan, design, construct, equip and r e 22 c e r c 23 furnish the Pueblo Pintado senior center in the Pueblo Pintado e a n b 24 chapter of the Navajo Nation in McKinley county;
u [ (61) three hundred eighty thousand dollars .217652.1 - 15 - SFC/SB 207 ($380,000) to plan, design, construct, equip and furnish the Ramah senior center in the Ramah chapter of the Navajo Nation SFC/SB 207 Page 15 in McKinley county;
(65) three hundred fifty thousand dollars e e 17 ($350,000) to plan and design the Tohatchi senior center in the e e n d 18 Tohatchi chapter of the Navajo Nation in McKinley county;
= = l ] 19 (66) seventy-six thousand dollars ($76,000) to a l r i 20 purchase and equip vehicles for the Alamo senior center in t e a t Alamogordo in Otero county;
m m 21 e d (67) thirty-six thousand five hundred three r e 22 c e r c 23 dollars ($36,503) to purchase and install meals equipment and e a n b 24 other equipment at the Alamo senior center in Alamogordo in u [ Otero county;
.217652.1 - 16 - SFC/SB 207 (68) forty thousand dollars ($40,000) for SFC/SB 207 Page 16 renovations to the Logan senior center in Logan in Quay county;
(72) one hundred three thousand dollars e e 17 ($103,000) for renovations to the Santa Clara Pueblo adult e e n d 18 daycare center in the Pueblo of Santa Clara in Rio Arriba = = l ] 19 county;
a l r i 20 (73) seventy thousand seven hundred fifty t e a t dollars ($70,750) to purchase and equip vehicles for the Santa m m 21 e d Clara Pueblo adult daycare in the Pueblo of Santa Clara in Rio r e 22 c e r c 23 Arriba county;
e a n b 24 (74) forty-two thousand dollars ($42,000) to u [ purchase and install meals equipment and other equipment at theSFC/SB .217652.1207 -Page 17 -the SFC/SB 207 Santa Clara Pueblo senior center in the Pueblo of Santa Clara in Rio Arriba county;
(78) two hundred thousand dollars ($200,000) for renovations to the Bonnie Dallas senior center in e e 17 Farmington in San Juan county;
e e n d 18 (79) three hundred fifteen thousand dollars = = l ] 19 ($315,000) for improvements to the facility to address code a l r i 20 compliance issues and for the purchase and installation of t e a t equipment and building systems at the Las Vegas senior center m m 21 e d in Las Vegas in San Miguel county;
r e 22 c e r c 23 (80) one million one hundred thirty-five e a n b 24 thousand seven hundred dollars ($1,135,700) for improvements to u [ the facility to address code compliance issues and for the .217652.1 - 18 - SFC/SB 207 Page 18 purchase and installation of equipment and building systems at the Las Vegas senior center in Las Vegas in San Miguel county;
(85) one hundred nineteen thousand seven hundred eighty-eight dollars ($119,788) to purchase and equip e e 17 vehicles for the Meadowlark senior center in Rio Rancho in e e n d 18 Sandoval county;
= = l ] 19 (86) thirty-six thousand dollars ($36,000) to a l r i 20 purchase and install meals equipment and other equipment at the t e a t San Felipe Pueblo senior center in the Pueblo of San Felipe in m m 21 e d Sandoval county;
r e 22 c e r c 23 (87) one million one hundred ninety thousand e a n b 24 dollars ($1,190,000) for improvements to the facility to uSFC/SB [207 Page 19 address code compliance issues and for the purchase and .217652.1 - 19 - SFC/SB 207 installation of equipment and building systems at the San Felipe Pueblo senior center in the Pueblo of San Felipe in Sandoval county;
(91) eight hundred twenty-seven thousand dollars ($827,000) to purchase and equip vehicles for the Mary e e 17 Esther Gonzales senior center in Santa Fe in Santa Fe county;
e e n d 18 (92) thirty-three thousand seven hundred = = l ] 19 fifty-five dollars ($33,755) for improvements to the facility a l r i 20 to address code compliance issues and for the purchase and t e a t installation of equipment and building systems at the Magdalena m m 21 e d senior center in Socorro county;
r e 22 c e r c 23 (93) eighty-four thousand five hundred ninety-SFC/SB e207 aPage n20 bninety-one 24 one dollars ($84,591) for improvements to the facility to u [ address code compliance issues and for the purchase and .217652.1 - 20 - SFC/SB 207 installation of equipment and building systems at the Veguita senior center in Socorro county;
(a) three million dollars ($3,000,000) e e 17 for equipment, library furniture, fixtures and supplemental e e n d 18 library resource acquisitions, including print, non-print and = = l ] 19 electronic resources, collaborative library resources and a l r i 20 information technology projects, and for the purchase and t e a t installation of broadband internet equipment and infrastructure m m 21 e d at non-tribal public libraries statewide;
and r e 22 c e r c 23 (b) five hundred thousand dollars eSFC/SB a207 nPage b21 24 ($500,000) for equipment, library furniture, fixtures and u [ supplemental library resource acquisitions, including print, .217652.1 - 21 - SFC/SB 207 non-print and electronic resources, collaborative library resources and information technology projects, and for the purchase and installation of broadband internet equipment and infrastructure at tribal libraries statewide;
e e 17 (1) to the board of regents of eastern New e e n d 18 Mexico university:
= = l ] 19 (a) one million eight hundred thousand a l r i 20 dollars ($1,800,000) to plan, design, construct and equip video t e a t surveillance systems and lighting at the Roswell branch campus m m 21 e d of eastern New Mexico university in Chaves county;
rSFC/SB e207 Page 22 c e r c 23 (b) one million five hundred thousand e a n b 24 dollars ($1,500,000) to plan, design, construct, renovate and u [ equip infrastructure improvements at the Ruidoso branch campus .217652.1 - 22 - SFC/SB 207 of eastern New Mexico university in Lincoln county;
(a) thirteen million dollars ($13,000,000) to plan, design, construct, furnish and equip and for infrastructure and site improvements at student services facilities at all central New Mexico community college campuses, including demolition and hazardous remediation of the e e 17 current student services facility, for central New Mexico e e n d 18 community college in Albuquerque in Bernalillo county;
= = l ] 19 (b) one million dollars ($1,000,000) to a l r i 20 plan, design, construct, renovate and equip infrastructure t e a t improvements at southwestern Indian polytechnic institute in mSFC/SB m207 21Page e23 d Albuquerque in Bernalillo county;
r e 22 c e r c 23 (c) seven hundred fifty thousand dollars e a n b 24 ($750,000) to plan, design, construct, repair and replace roofs u [ and parking lots at Clovis community college in Clovis in Curry .217652.1 - 23 - SFC/SB 207 county;
e e 17 (h) four hundred thousand dollars e e n d 18 ($400,000) to plan, design, construct and renovate the central = = l ] 19 student services center at Mesalands community college in a l r i 20 Tucumcari in Quay county;
tSFC/SB e207 aPage t24 (i) one million three hundred thousand m m 21 e d dollars ($1,300,000) to plan, design, construct, renovate, r e 22 c e r c 23 furnish and equip the Shiprock agricultural multipurpose center e a n b 24 and for south campus infrastructure at the Shiprock branch u [ campus of Dine college in San Juan county;
.217652.1 - 24 - SFC/SB 207 (j) three million five hundred thousand dollars ($3,500,000) to plan, design, construct, renovate and equip infrastructure improvements campuswide at San Juan college in Farmington in San Juan county;
e e 17 (3) to the Indian affairs department, seven e e n d 18 hundred thousand dollars ($700,000) to plan, design, construct = = l ] 19 and upgrade infrastructure, including entry boundary fencing a l r i 20 and storm water drainage and mitigation, at SantaSFC/SB Fe207 IndianPage t25 eSanta aFe tIndian school in Santa Fe in Santa Fe county;
m m 21 e d (4) to the board of regents of the New Mexico r e 22 c e r c 23 school for the blind and visually impaired, nine hundred e a n b 24 thirty-eight thousand nine hundred sixty-seven dollars u [ ($938,967) to plan, design, construct, renovate, furnish and .217652.1 - 25 - SFC/SB 207 equip the Tapia building at the New Mexico school for the blind and visually impaired in Alamogordo in Otero county;
(7) to the board of regents of the New Mexico military institute, three million dollars ($3,000,000) to plan, design, construct and renovate roofs at Wilson hall, Godfrey athletic center and Toles learning center and for barracks e e 17 bathrooms at the New Mexico military institute in Roswell in e e n d 18 Chaves county;
= = l ] 19 (8) to the board of regents of the NewSFC/SB Mexico207 aPage l26 rNew iMexico 20 school for the deaf, five million three hundred thousand t e a t dollars ($5,300,000) to plan, design, construct, renovate, m m 21 e d furnish and equip the dining hall at the New Mexico school for r e 22 c e r c 23 the deaf in Santa Fe in Santa Fe county;
e a n b 24 (9) to the board of regents of New Mexico u [ state university:
.217652.1 - 26 - SFC/SB 207 (a) one million three hundred thousand dollars ($1,300,000) to plan, design, construct, furnish and equip upgrades, including exterior stucco and site improvements, to Martinez hall at the Grants branch campus of New Mexico state university in Cibola county;
e e 17 (d) one million eight hundred sixty e e n d 18 thousand dollars ($1,860,000) to plan, design, construct, =SFC/SB =207 lPage ]27 19 furnish and equip a creative campus media building and to plan, a l r i 20 design, construct, furnish, equip, repair and renovate t e a t classroom improvements, security and surveillance site m m 21 e d infrastructure, exterior locks and lighting and information r e 22 c e r c 23 technology upgrades at the Dona Ana branch community college of e a n b 24 New Mexico state university in Dona Ana county;
u [ (e) one million five hundred thousand .217652.1 - 27 - SFC/SB 207 dollars ($1,500,000) to plan, design, construct, furnish and equip campuswide infrastructure, parking lot and site improvements, including roofs and accessibility compliance, at the Carlsbad branch campus of New Mexico state university in Eddy county;
and (h) three million dollars ($3,000,000) to plan, design, construct, renovate, furnish and equip e e 17 improvements, including abatement and demolition, to New Mexico e e n d 18 state university agricultural science centers SFC/SB 207 Page 28 statewide;
= = l ] 19 (10) to the board of regents of northern New a l r i 20 Mexico state school, two million five hundred thousand dollars t e a t ($2,500,000) to plan, design, construct, renovate and improve m m 21 e d infrastructure, drainage and storm water systems at the r e 22 c e r c 23 Espanola campus of northern New Mexico state school in Rio e a n b 24 Arriba county;
u [ (11) to the board of regents of the university .217652.1 - 28 - SFC/SB 207 of New Mexico:
e e 17 (d) one million seven hundred thousand eSFC/SB e207 nPage d29 18 dollars ($1,700,000) to plan, design, construct and renovate = = l ] 19 the workforce development and continuing technical education a l r i 20 laboratory at the Los Alamos branch campus of the university of t e a t New Mexico in Los Alamos county;
m m 21 e d (e) three million dollars ($3,000,000) r e 22 c e r c 23 to plan, design, furnish and equip renovations campuswide, e a n b 24 including renovations to the existing center for career u [ technologies facility, at the Gallup branch campus of the .217652.1 - 29 - SFC/SB 207 university of New Mexico in McKinley county;
Bonds issued pursuant to the 2020 Capital Projects General Obligation Bond Act shall be submitted to the registered voters of the state at the general election to be e e 17 held in November 2020, and, if they receive a majority of allSFC/SB e207 ePage n30 dall 18 the votes cast thereon at such election, shall take effect upon = = l ] 19 certification of the state canvassing board announcing the a l r i 20 results of the election.
No bonds shall be issued or sold t e a t under that act until the registered voters of this state have m m 21 e d voted upon and approved the bonds and property tax as provided r e 22 c e r c 23 in this section.
Any bonds issued under that act shall be e a n b 24 issued within thirty months from the date of such election.
u [ B.
The ballots used at the 2020 general election .217652.1 - 30 - SFC/SB 207 shall contain substantially the following language:
Shall the state be authorized to issue general obligation bonds in an amount not to exceed thirty-thirty-three three million two hundred ninety-two thousand one hundred forty-one dollars ($33,292,141) to make capital expenditures for certain senior citizen facility improvement, construction and equipment acquisition projects and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law? For________________ Against___________________";
(2) "The 2020 Capital Projects General eSFC/SB e207 17Page 31 Obligation Bond Act authorizes the issuance and sale of library e e n d 18 acquisition bonds.
Shall the state be authorized to issue = = l ] 19 general obligation bonds in an amount not to exceed nine a l r i 20 million seven hundred fifty-one thousand four hundred thirty-thirty-three t e a t three dollars ($9,751,433) to make capital expenditures for m m 21 e d academic, public school, tribal and public library resource r e 22 c e r c 23 acquisitions and provide for a general property tax imposition e a n b 24 and levy for the payment of principal of, interest on and u [ expenses incurred in connection with the issuance of the bonds .217652.1 - 31 - SFC/SB 207 and the collection of the tax as permitted by law? For________________ Against___________________";
Shall the state be authorized to issue general obligation bonds in an amount not to exceed one hundred fifty-six million three hundred fifty- eight thousand four hundred seventy-five dollars ($156,358,475) to make capital expenditures for certain higher education, special schools and tribal schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the SFC/SB 207 Page 32 issuance of the bonds and the collection of the tax as permitted by law? e e 17 For________________ Against___________________".
e e n d 18 C.
Each question set forth in this section includes = = l ] 19 a specific work or object to be financed by the bonds.
If any a l r i 20 such question is not approved by a majority vote of the t e a t electorate at the state's 2020 general election, the issuance m m 21 e d of bonds for the work or object specified by the question shall r e 22 c e r c 23 be excluded from and shall not be part of the 2020 Capital e a n b 24 Projects General Obligation Bond Act.
The failure of a u [ question to be approved by the electorate at the 2020 general .217652.1 - 32 - SFC/SB 207 election shall not affect those questions that are approved at the election.
ART IN PUBLIC PLACES.--Pursuant to Section 13-4A-4 NMSA 1978 and where applicable, the SFC/SB 207 Page 33 appropriations authorized in the 2020 Capital Projects General Obligation Bond Act include money for the art in public places fund.
e e 17 SECTION 13.
PROJECT SCOPE--EXPENDITURES--REVERSION.-- e e n d 18 A.
If an appropriation for a project authorized in = = l ] 19 the 2020 Capital Projects General Obligation Bond Act is not a l r i 20 sufficient to complete all the purposes specified, the t e a t appropriation may be expended for any portion of the purposes m m 21 e d specified in the appropriation.
Expenditures shall not be made r e 22 c e r c 23 for purposes other than those specified in the appropriation.
e a n b 24 B.
The state agencies and state institutions to u [ which money has been appropriated in the 2020 Capital Projects .217652.1 - 33 - SFC/SB 207 General Obligation Bond Act shall be responsible for monitoring the projects funded in that act to ensure compliance with the constitution and laws of New Mexico and shall cause to be reverted any unexpended or unencumbered balance remaining at the earlier of the third full fiscal year after issuance of the bonds or the termination or completion of the specific project.
SEVERABILITY.--If any part or application of the 2020 Capital Projects General Obligation Bond Act is SFC/SB 207 Page 34 held invalid, the remainder or its application to other situations or persons shall not be affected.
eSFC/SB e207 17Page -35 347 -9 e25 e n d 18 = = l ] 19 a l r i 20 t e a t m m 21 e d r e 22 c e r c 23 e a n b 24 u [ .217652.1
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View plain text versions (3)
- Final Version View text Current pdf
- Substitute FC substitute pdf
- Introduced introduced version pdf
Action History
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Signed
-
passed House
-
DO PASS committee report adopted
-
Sent to House Taxation & Revenue Committee
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passed Senate
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DO NOT PASS, replaced with committee substitute
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germane
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Sent to Senate Committees' Committee & Senate Finance Committee
Sponsors
- John Arthur Smith · Primary
- Steven P. Neville · Primary
- George K. Munoz · Primary
Sponsorship breakdown
Export CSV (upgrade) →3 sponsors · 0 co-sponsors · 109 not signed on
Sponsors (3)
- Smith, John Arthur
- Neville, Steven P.
- Munoz, George K.
Co-sponsors (0)
None.
Not signed on (109)
109 members have not signed on to this bill.
Show all 109 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 207?
- SB 207 is sponsored by Smith, John Arthur, Neville, Steven P., and Munoz, George K..
- What is the current status of SB 207?
- This bill has been enacted into law. Introduced January 29, 2020. Enacted.
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