SB 103 — CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE

SENATEAN BILLACT 103RELATING 54THTO LEGISLATURECAPITAL -PROJECTS; STATEOFNEWMEXICO- SECOND SESSION , 2020 INTRODUCED BY Jacob R.

Candelaria 6 8 10 AN ACT RELATING TO CAPITAL PROJECTS;

AUTHORIZING APPROPRIATIONS 14 FROM THE PUBLIC PROJECT REVOLVING FUND TO THE CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE FUND;

DELETING CERTAIN OUTDATED PROVISIONS OF SECTION 6-21-6.1 NMSA 1978 (BEING LAWS 1994, e t 17 CHAPTER 145, SECTION 2, AS AMENDED);

w l n d 18 = = 19 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

a l i a e r 20 SECTION 1.

Section 6-21-6.1 NMSA 1978 (being Laws 1994, a t m m 21 Chapter 145, Section 2, as amended) is amended to read:

d r e 22 "6-21-6.1.

PUBLIC PROJECT REVOLVING FUND--APPROPRIATIONSFUND-- cAPPROPRIATIONS e s k 23 TO OTHER FUNDS.-- eA. a n b 24 [A.

TheAt authoritythe andend theof departmenteach fiscal year, after all debt service charges, replenishment of environmentreserves uand [administrative maycosts enteron intoall aoutstanding jointbonds, powersnotes agreementor pursuantother obligations payable from the public project revolving fund are satisfied, an aggregate amount not to exceed thirty-five percent of the Jointgovernmental .216105.4SAgross Powersreceipts Agreementstax Actproceeds fordistributed to the purposepublic ofproject describingrevolving andfund allocatingin dutiesthe andpreceding responsibilitiesfiscal withyear respectless toall creationdebt service charges and administrative costs of anthe integratedauthority loanpaid andin grantthe programpreceding fiscal year on bonds issued pursuant to this section may be financedappropriated throughby issuancethe ofSB bonds103 payablePage 1 legislature from the public project revolving fund.fund to:

The bonds may be issued in installments or at one time 6 by the authority in amounts authorized by law.

The aggregate amount of bonds authorized and outstanding pursuant to this subsection shall not be greater than the amount of bonds that may be annually repaid from an amount not to exceed thirty-five percent of the governmental gross receipts tax proceeds distributed to the public project revolving fund in the preceding fiscal year.

The net proceeds may be used for purposes of the water and wastewater planning fund and the water and wastewater project grant fund as specified in the New Mexico Finance Authority Act;

or for purposes of the Wastewater Facility Construction Loan Act, the Rural Infrastructure Act, e e 17 the Solid Waste Act or the Drinking Water State Revolving Loan e e n d 18 Fund Act.

= = l ] 19 B.

Public projects funded pursuant to the a l r i 20 Wastewater Facility Construction Loan Act, the Rural t e a t Infrastructure Act, the Solid Waste Act, or the Drinking Water m m 21 e d r e 22 State Revolving Loan Fund Act shall not require specific c e r c 23 authorization by law as required in Sections 6-21-6 and 6-21-8 e a n b 24 NMSA 1978.

u [ C.] A.

At the end of each fiscal year, after all .216105.4SA - 2 - debt service charges, replenishment of reserves and administrative costs on all outstanding bonds, notes or other obligations payable from the public project revolving fund are satisfied, an aggregate amount not to exceed thirty-five percent of the governmental gross receipts tax proceeds distributed to the public project revolving fund in the preceding fiscal year less all debt service charges and administrative costs of the authority paid in the preceding fiscal year on bonds issued pursuant to this section may be appropriated by the legislature from the public project revolving fund to:

[(1)] (a) the wastewater facility 5 construction loan fund for purposes of the Wastewater Facility Construction Loan Act;

e e 17 [(2)] (b) the rural infrastructure e e n d 18 revolving loan fund for purposes of the Rural Infrastructure = = l ] 19 Act;

a l r i 20 [(3)] (c) the solid waste facility grant t e a t fund for purposes of the Solid Waste Act;

m m 21 e d r e 22 [(4)] (d) the drinking water state c e r c 23 revolving loan fund for purposes of the Drinking Water State e a n b 24 Revolving Loan Fund Act;

u [ [(5)] (e) the water and wastewater .216105.4SA - 3 - project grant fund for purposes specified in the New Mexico Finance Authority Act;

or [(6)] (f) the [water and wastewater] local government planning fund for purposes specified in the New Mexico Finance Authority Act;

[D.] B.

The authority and the department of [environment] finance and administration in coordination with the New Mexico finance authority oversight committee may recommend annually to each regular session of the legislature amounts to be appropriated SB 103 Page 2 to the funds listed in Subsection [C] A of this sectionsection." [for local infrastructure financing]." SECTION 2.

"[NEW"CULTURAL MATERIAL] CULTURAL AFFAIRS FACILITIES INFRASTRUCTURE e e 17 FUND.--The 5 "cultural affairs facilities infrastructure fund" is e e n d 18 created in the state treasury.

The cultural affairs department = = l ] 19 shall administer the fund, and money in the fund is a l r i 20 appropriated to that department to pay the costs of planning, t e a t engineering, designing, constructing, renovating, repairing, m m 21 e d r e 22 equipping and furnishing department facilities and exhibits.

c e r c 23 Money in the fund shall consist of appropriations, e a n b 24 distributions, gifts, grants, donations, income from investment u [ of the fund and money otherwise accruing to the fund.

.216105.4SA - 4 - Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary of cultural affairs.

-SB 5103 -Page 143 1625 e e 17 e 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 [ .216105.4SA