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2006 vol. II 987 (2006)

handle is hein.ssl/ssnm0017 and id is 1 raw text is: Chap. 108                      Laws of 2006
Chapter 108
1                               AN ACT
2    AUTHORIZING THE ISSUANCE AND SALE OF CAPITAL PROJECTS GENERAL
3    OBLIGATION BONDS TO MARE CAPITAL EXPENDITURES FOR SENIOR
4    CITIZEN FACILITY IMPROVEMENTS AND ACQUISITIONS, FOR HIGHER
5    EDUCATIONAL CAPITAL IMPROVEMENTS AND ACQUISITIONS AND FOR
6    PUBLIC LIBRARY ACQUISITIONS; PROVIDING FOR A TAX LEVY FOR
7    PAYMENT OF PRINCIPAL OF, INTEREST ON AND CERTAIN COSTS
8    RELATED TO THE BONDS; REQUIRING APPROVAL OF THE REGISTERED
9    VOTERS AT THE 2006 GENERAL ELECTION OF THE STATE; DECLARING
10   AN EMERGENCY.
11
12   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
13         Section 1. SHORT TITLE.--This act may be cited as the
14    2006 Capital Projects General Obligation Bond Act.
15         Section 2. PURPOSE.--For the purpose of providing funds
16    for capital expenditures as authorized in the 2006 Capital
17    Projects General Obligation Bond Act, general obligation
18   indebtedness of the state is authorized for the purposes and
19   in the amounts set forth in Section 10 of that act.
20         Section 3. BOND TERMS.--
21              A. The state board of finance, except as limited
22    by the 2006 Capital Projects General Obligation Bond Act,
23    shall determine the terms, covenants and conditions of bonds
24    issued pursuant to that act, including but not limited to:
25                    (1) date or dates of issue, denominations
SFC/Senate Bill 301, aa, w/ec
Approved March 7, 2006

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