-Authorizes the state's Board of Finance to issue and sell severance tax bonds in compliance with the Severance Tax Bonding Act (Sec. 1). -Appropriates proceeds from the sale of the bonds and proceeds of severance tax bonds reauthorized for but not allocated to specific purposes in other acts of the second session of the 49th legislature for the purposes specified in this act (Sec. 1). -Requires agencies to certify to the state board of finance when the money from the proceeds of the severance tax bonds appropriated is needed for a particular project by the end of fiscal year 2012 or the project's authorization is rendered void (Sec. 1). -Requires a project to be developed sufficiently so that the agency reasonably expects to do the following before an agency may certify for the need of severance tax bond proceeds (Sec. 1-2):

-Incur, within 6 months after the applicable bond proceeds are available for the project, a substantial binding obligation to a third party to expend at least 5 percent of the bond proceeds for the project; and -Spend at least 85 percent of the bond proceeds within 3 years after the applicable bond proceeds are available for the project.

-Requires the unexpended balance from the proceeds of severance tax bonds appropriated in this act for a project to revert to the severance tax bonding fund no later than the following dates (Sec. 1):

-For a project for which severance tax bond proceeds were appropriated to match federal grants, 6 months after completion of the project; -For a project for which severance tax bond proceeds were appropriated to purchase vehicles, including emergency vehicles and other vehicles that require special equipment; heavy equipment; books; educational technology; or other equipment or furniture that is not related to a more inclusive construction or renovation project, at the end of the fiscal year 2 years following the fiscal year in which the severance tax bond proceeds were made available for the purchase; and -For any other project for which severance tax bonds were appropriated, within 6 months of completion of the project, but no later than the end of fiscal year 2014.

-Specifies that the balance of an appropriation made from the general fund or other state fund to the Indian Affairs Department or the Aging and Long-Term Services Department for a project located on lands of an Indian nation, tribe or pueblo shall revert to the tribal infrastructure project fund instead of the Severance Tax Bonding Fund (Sec. 2). -Prohibits money from severance tax bond proceeds provided pursuant to this act from being used to pay indirect project costs (Sec. 1-2). -Appropriates $1 million to the Administrative Office of the Courts to purchase and install security equipment, including related infrastructure, at courts statewide upon certification by the Administrative Office of the Courts that the need exists for the issuance of the bonds (Sec. 3). -Appropriates the following amounts to the capital program fund for the following purposes, upon certification by the property control division of the general services department that the need exists for the issuance of the bonds (Sec. 4):

-$7 million to plan, design and construct the New Meadows and Ponderosa buildings at the New Mexico Behavioral Health Institute in Las Vegas in San Miguel County; -$3.48 million for repairs, renovations, deferred maintenance, restoration and infrastructure improvements at state buildings statewide. -$2.5 million to complete construction of the Santa Teresa Port of Entry in Dona Ana County; -$2.4 million for patient health and safety improvements at Department of Health facilities statewide; -$2 million to upgrade the heating, ventilation and air conditioning systems and infrastructure at the Southern New Mexico Correctional Facility in Dona Ana County and the Central New Mexico Correctional Facility in Valencia County; -$820,000 for continued construction and infrastructure improvements at the Department of Public Safety district offices in Las Cruces in Dona Ana County and Las Vegas in San Miguel County; -$500,000 for upgrades, including walkways, sidewalks, ramps and stairs, to comply with the Americans with Disabilities Act of 1990 at the Youth Diagnostic and Development Center campus in Albuquerque in Bernalillo County; -$500,000 to upgrade the security systems at the Youth Diagnostic and Development Center and at the Camino Nuevo site in Albuquerque in Bernalillo County; -$500,000 to purchase, install, equip and furnish the Tri-Lab Facility Project, including moving new and existing furniture and equipment, at the State Laboratory Services Building in Albuquerque in Bernalillo County; -$500,000 for the demolition, decommissioning and asbestos abatement of state buildings, including the Oil Conservation Field Office in Hobbs in Lea County, El Camino building and CBS barracks at the Behavioral Health Institute in Las Vegas in San Miguel County and the old dormitory at the New Mexico Rehabilitation Center in Roswell in Chaves County; -$400,000 to renovate and equip the Youth Diagnostic and Development Center in Albuquerque in Bernalillo County in accordance with the Missouri model and implementation of Cambiar New Mexico; and -$400,000 to replace the roof and make improvements, including mold remediation and structural and plumbing repairs, at the Motor Vehicle Division's Clovis field office in Curry County.

-Appropriates $1.1 million to the Cultural Affairs Department for repairs and infrastructure improvements, including security, fire suppression, electrical, sewer and utility upgrades and improvements to comply with the Americans with Disabilities Act of 1990 to state museums and monuments statewide upon certification by the Cultural Affairs Department that the need exists for the issuance of the bonds (Sec. 5) -Appropriates $400,000 to the Cumbres and Toltec Scenic Railroad Commission for track rehabilitation and improvements to the Cumbres and Toltec scenic railroad in Rio Arriba County, upon certification by the Cumbres and Toltec Scenic Railroad Commission that the need exists for the issuance of the bonds (Sec. 6). -Appropriates $1 million to the Office of the State Engineer for construction and improvements to the Cabresto Lake Dam in Taos County, the Bluewater Dam in Cibola County and the Hatch site 6 dam in Dona Ana County, upon certification by the Office of the State Engineer that the need exists for the issuance of the bonds (Sec. 7). -Appropriates the following amounts to the Department of Finance and Administration for the following purposes upon certification by the Department of Finance and Administration that the need exists for the issuance of the bonds (Sec. 8):

-$6 million for infrastructure development, design and construction of a technical support center in Rio Rancho in Sandoval County pursuant to the Local Economic Development Act; -$2.5 million for infrastructure development, design and construction for a financial services economic development project in Bernalillo County pursuant to the Local Economic Development Act; and -$2 million to plan, design, purchase, acquire, construct and improve infrastructure for colonias statewide.

-Appropriates the following amounts to the following agencies for the following purposes upon certification by the following agencies that the need exists for the issuance of the bonds (Sec. 9):

-$3 million to the Higher Education Department for roof improvements and replacement at New Mexico Junior College in Hobbs in Lea County; and -$1 million to the Board of Regents of Eastern New Mexico University for renovations and infrastructure improvements, including the razing of closed facilities, at Eastern New Mexico University in Portales in Roosevelt County.

-Appropriates $2.5 million to the tribal infrastructure project fund for tribal infrastructure projects related to water, wastewater, electrical systems, communications, roads, health, emergency facilities and economic development statewide to carry out the provisions of the Tribal Infrastructure Act upon certification by the department of Finance and Administration that the need exists for the issuance of the bonds (Sec. 10). -Appropriates $300,000 to the Department of Public Safety to purchase and equip vehicles, upon certification by the Department of Public Safety that the need exists for the issuance of the bonds (Sec. 11). -Appropriates the following amounts from the following funds to the Department of Game and Fish for expenditure in fiscal years 2010 through 2014 to construct and make improvements to integrate the existing cold water fish hatchery at the Rock Lake warm water fish hatchery in Guadalupe County (Sec. 12):

-$2.3 million from the game protection fund; and -$1.2 million from the game and fish bond retirement fund.

-Appropriates $350,000 from the state road fund to the Department of Transportation for expenditure in fiscal years 2010 through 2014 for purchase, installation and construction of salt storage facilities in Clines Corners in Torrance County (Sec. 13) -Authorizes the Court of Appeals project to construct a building for the Court of Appeals adjacent to the law school at the University of New Mexico in Albuquerque in Bernalillo County to include purchasing and installing furniture, fixtures and equipment (Sec. 14). -Extends the time of expenditure for the local government division project for exhibits, furniture, fixtures, equipment, facilities, portable buildings and an addition at the Explora Science Center and Children's Museum in Albuquerque in Bernalillo County through fiscal year 2012 (Sec. 15-16). -Appropriates $2,625,000 of the unexpended balance of the appropriation to the property control division of the General Services Department for a state multipurpose equestrian facility at the state fairgrounds in Bernalillo County to be expended to the State Fair Commission to plan, design, construct, renovate and improve Tingley Coliseum and other facilities at Expo New Mexico in Albuquerque in Bernalillo County (Sec. 17). -Appropriates the unexpended balance of the appropriation to the capital program fund originally appropriated for emergency repairs, repairs and renovations to state buildings statewide to be expended for purchasing, installing, equipping and furnishing the Tri-services Lab Facility Project, including moving new and existing furniture and equipment, at the state laboratory services building in Albuquerque in Bernalillo County (Sec. 18). -Appropriates $670,048 of the unexpended balance of the appropriation to the capital program fund improvements to state buildings statewide for purchasing, installing, equipping and furnishing the Tri-services Lab Facility Project at the state laboratory services building in Albuquerque in Bernalillo County (Sec. 19). -Appropriates $2 million of the unexpended balance of the appropriation to the property control division of the General Services Department for a state multipurpose equestrian facility at the state fairgrounds in Bernalillo County for the Board of Regents of the University of New Mexico to plan, design, demolish, furnish, construct, renovate and equip the baseball stadium at the University of New Mexico in Albuquerque in Bernalillo County (Sec. 20). -Appropriates $700,000 of the unexpended balance of the appropriation to the Department of Finance and Administration to plan, design, construct and equip county fairgrounds and public rodeo facilities statewide to the Board of Regents of the University of New Mexico to acquire a magnetic resonance imaging scanner for the Tri-services lab facility for use by the Office of the Medical Investigator in Albuquerque in Bernalillo County (Sec. 21). -Appropriates the unexpended balance of the appropriation originally authorized to the Department of Finance and Administration to acquire land and water rights and to plan, design and construct infrastructure for Cannon Air Force Base in Curry County and reauthorized to include acquiring land and water rights statewide and renovating, equipping and furnishing infrastructure and other improvements to be used in connection with the new mission of Cannon Air Force Base, including expansion and renovation of the base, to the Department of Military Affairs for those purposes (Sec. 22). -Authorizes the Department of Environment project to purchase equipment for a transfer station in De Baca County to include designing, constructing and equipping a transfer station, and extends the time of expenditure through fiscal year 2012 (Sec. 23). -Appropriates $250,000 of the unexpended balance of the appropriation to the property control division of the General Services Department for a state multipurpose equestrian facility at the state fairgrounds in Bernalillo County to the Board of Regents of New Mexico State University to plan, design, construct, equip and furnish the Pan American Center, including demolition and installing a floor, at New Mexico State University in Dona Ana County (Sec. 24). -Extends the time of expenditure for the following through fiscal year 2012 (Secs. 25-26, 28-30):

-the capital program fund project to plan, design, construct, equip and furnish a safety inspection station at Santa Teresa in Dona Ana County; -the Department of Environment project for regional wastewater improvements in Hatch in Dona Ana County; -the capital program fund project to plan, design and construct a safety inspection station at Santa Teresa in Dona Ana County; -the capital program fund project to plan, design and construct a safety inspection station in Santa Teresa in Dona Ana County; and -the capital program fund project to plan, design, construct, equip and furnish a safety inspection station at Santa Teresa in Dona Ana County.

-Appropriates $1.48 million of the unexpended balance of the appropriation to the Local Government Division for an equestrian facility in Albuquerque in Bernalillo County to the capital program fund to plan, design, construct, equip and furnish a safety inspection station in Santa Teresa in Dona Ana County (Sec. 27). -Rescinds the Wagon Mound public school district from the local government division project originally appropriated to, among other things, purchase and install an automated phone system for the Mora Independent School District, West Las Vegas Public School District, Las Vegas City Public School District and Wagon Mound Public School District (Sec. 31). -Authorizes the Local Government Division Project to plan, design, construct, equip and furnish a public library in Alamogordo in Otero County to include renovations (Sec. 32). -Authorizes the New Mexico School for the Deaf Project to plan, design, construct, renovate, equip and furnish Dillon Hall at the New Mexico School for the Deaf in Santa Fe in Santa Fe County to include correcting other capital deficiencies at that campus (Sec. 33). -Extends the appropriations for the acquisition of property within the west capitol complex owned by the United States General Services Administration and the United States Forest Service for the acquisition of parcels A and B, which are contiguous to Siringo Road; parcel D, which is contiguous to the state printing property; and parcel C, which is contiguous to parcels B and D, all being the most southeastern parcels of vacant land within the former College of Santa Fe campus in Santa Fe in Santa Fe County (Sec. 34). -Transfers the unexpended balance of the appropriation to the local government division for improvements to fair and arena rodeo facilities to the energy, mineral and natural resources department for restoration projects and the purchase of conservation easements statewide (Sec. 35). -Transfers $300,000 of the unexpended balance of the appropriation to the Department of Finance and Administration to plan, design, construct and equip county fairgrounds and public rodeo facilities statewide to the New Mexico State Police division of the Department of Public Safety for fleet replacements and improvements (Sec. 36). -Transfers $500,000 of the unexpended balance of the appropriation to the Local Government Division for an equestrian facility in Albuquerque in Bernalillo County to the Board of Regents of New Mexico State University for infrastructure renovation, including improvements to the heating, ventilation and air conditioning systems, classrooms, energy management systems, hot water systems and transportation and parking, at the Carlsbad branch campus of New Mexico State University in Eddy County (Sec. 37). -$329,952 of the unexpended balance of the appropriation to the capital program fund for improvements to state buildings statewide to the State Fair Commission to plan, design, construct, renovate and improve Tingley Coliseum and other facilities at Expo New Mexico in Albuquerque in Bernalillo County (Sec. 38). -Appropriates one percent of the appropriations authorized in this act for the art in public places fund (Sec. 40). -This is a substitute bill sponsored by the Senate Committee on Finance.

-Authorizes the state's Board of Finance to issue and sell severance tax bonds in compliance with the Severance Tax Bonding Act (Sec. 1). -Appropriates proceeds from the sale of the bonds and proceeds of severance tax bonds reauthorized for but not allocated to specific purposes in other acts of the second session of the 49th legislature for the purposes specified in this act (Sec. 1). -Requires agencies to certify to the state's Board of Finance when the money from the proceeds of the severance tax bonds appropriated is needed for a particular project by the end of fiscal year 2012 or the project's authorization is rendered void (Sec. 1). -Requires a project to be developed sufficiently so that the agency reasonably expects to do the following before an agency may certify for the need of severance tax bond proceeds (Sec. 1-2):

-Incur, within 6 months after the applicable bond proceeds are available for the project, a substantial binding obligation to a third party to expend at least 5 percent of the bond proceeds for the project; and -Spend at least 85 percent of the bond proceeds within 3 years after the applicable bond proceeds are available for the project.

-Requires the unexpended balance from the proceeds of severance tax bonds appropriated in this act for a project to revert to the severance tax bonding fund no later than the following dates (Sec. 1):

-For a project for which severance tax bond proceeds were appropriated to match federal grants, 6 months after completion of the project; -For a project for which severance tax bond proceeds were appropriated to purchase vehicles, including emergency vehicles and other vehicles that require special equipment; heavy equipment; books; educational technology; or other equipment or furniture that is not related to a more inclusive construction or renovation project, at the end of the fiscal year 2 years following the fiscal year in which the severance tax bond proceeds were made available for the purchase; and -For any other project for which severance tax bonds were appropriated, within 6 months of completion of the project, but no later than the end of fiscal year 2014.

-Specifies that the balance of an appropriation made from the general fund or other state fund to the Indian Affairs Department or the Aging and Long-term Services Department for a project located on lands of an Indian nation, tribe or pueblo shall revert to the tribal infrastructure project fund instead of the severance tax bonding fund (Sec. 2). -Prohibits money from severance tax bond proceeds provided pursuant to this act from being used to pay indirect project costs (Sec. 1-2). -Appropriates $1 million to the Administrative Office of the Courts to purchase and install security equipment, including related infrastructure, at courts statewide upon certification by the Administrative Office of the Courts that the need exists for the issuance of the bonds (Sec. 3). -Appropriates the following amounts to the capital program fund for the following purposes, upon certification by the property control division of the General Services Department that the need exists for the issuance of the bonds (Sec. 4):

-$7 million to plan, design and construct the New Meadows and Ponderosa buildings at the New Mexico Behavioral Health Institute in Las Vegas in San Miguel County; -$3.48 million for repairs, renovations, deferred maintenance, restoration and infrastructure improvements at state buildings statewide. -$2.5 million to complete construction of the Santa Teresa Port of Entry in Dona Ana County; -$2.4 million for patient health and safety improvements at Department of Health facilities statewide; -$2 million to upgrade the heating, ventilation and air conditioning systems and infrastructure at the Southern New Mexico Correctional Facility in Dona Ana County and the Central New Mexico Correctional Facility in Valencia County; -$820,000 for continued construction and infrastructure improvements at the Department of Public Safety district offices in Las Cruces in Dona Ana County and Las Vegas in San Miguel County; -$500,000 for upgrades, including walkways, sidewalks, ramps and stairs, to comply with the Americans with Disabilities Act of 1990 at the Youth Diagnostic and Development Center campus in Albuquerque in Bernalillo County; -$500,000 to upgrade the security systems at the Youth Diagnostic and Development Center and at the Camino Nuevo site in Albuquerque in Bernalillo County; -$500,000 to purchase, install, equip and furnish the Tri-lab acility project, including moving new and existing furniture and equipment, at the state laboratory services building in Albuquerque in Bernalillo County; -$500,000 for demolition, decommissioning and asbestos abatement of state buildings, including the oil conservation field office in Hobbs in Lea County, El Camino building and CBS barracks at the Behavioral Health Institute in Las Vegas in San Miguel County and the old dormitory at the New Mexico Rehabilitation Center in Roswell in Chaves County; -$400,000 to renovate and equip the Youth Diagnostic and Development Center in Albuquerque in Bernalillo County in accordance with the Missouri model and implementation of Cambiar New Mexico; and -$400,000 to replace the roof and make improvements, including mold remediation and structural and plumbing repairs, at the Motor Vehicle Division's Clovis field office in Curry County.

-Appropriates $1.1 million to the Cultural Affairs Department for repairs and infrastructure improvements, including security, fire suppression, electrical, sewer and utility upgrades and improvements to comply with the Americans with Disabilities Act of 1990, to state museums and monuments statewide upon certification by the Cultural Affairs Department that the need exists for the issuance of the bonds (Sec. 5). -Appropriates $400,000 to the Cumbres and Toltec Scenic Railroad Commission for track rehabilitation and improvements to the Cumbres and Toltec scenic railroad in Rio Arriba County, upon certification by the Cumbres and Toltec Scenic Railroad Commission that the need exists for the issuance of the bonds (Sec. 6). -Appropriates $1 million to the Office of the State Engineer for construction and improvements to the Cabresto Lake dam in Taos County, the Bluewater dam in Cibola County and the Hatch site 6 dam in Dona Ana County, upon certification by the Office of the State Engineer that the need exists for the issuance of the bonds (Sec. 7). -Appropriates the following amounts to the Department of Finance and Administration for the following purposes upon certification by the Department of Finance and Administration that the need exists for the issuance of the bonds (Sec. 8):

-$3 million for infrastructure development, design and construction of a technical support center in Rio Rancho in Sandoval County pursuant to the Local Economic Development Act; -$2 million for colonias infrastructure improvements statewide; and -$2 million for infrastructure development, design and construction for a financial services economic development project in Bernalillo County pursuant to the Local Economic Development Act.

-Appropriates $2.5 million to the tribal infrastructure project fund for tribal infrastructure projects related to water, wastewater, electrical systems, communications, roads, health, emergency facilities and economic development statewide to carry out the provisions of the Tribal Infrastructure Act, upon certification by the Department of Finance and Administration that the need exists for the issuance of the bonds (Sec. 9). -Appropriates $300,000 to the Department of Public Safety to purchase and equip vehicles, upon certification by the Department of Public Safety that the need exists for the issuance of the bonds (Sec. 10). -Appropriates the following amounts from the following funds to the Department of Game and Fish for expenditure in fiscal years 2010 through 2014 to construct and make improvements to integrate the existing cold water fish hatchery at the Rock Lake warm water fish hatchery in Guadalupe County (Sec. 11):

-$2.3 million from the game protection fund; and -$1.2 million from the game and fish bond retirement fund.

-Appropriates $350,000 from the state road fund to the Department of Transportation for expenditure in fiscal years 2010 through 2014 for purchase, installation and construction of salt storage facilities in Clines Corners in Torrance County (Sec. 12) -Appropriates one percent of the appropriations authorized in this act for the art in public places fund (Sec. 14). -This is a substitute bill sponsored by the Senate Committee on Finance.