Pueblo de San Ildefonso Law Library
Pueblo de San Ildefonso Code. Authorizations

(a) The Council hereby approves and reauthorizes the Subsidy to SIS LLC of $0.06 for every gallon of gasoline sold by the C-Stores.

(b) Such subsidy shall be paid by the Pueblo from revenues received by the Pueblo from the $0.17 per gallon fuel tax paid by the C-Stores.

(c) The Subsidy shall be used by SIS exclusively to reduce the costs of gasoline in order to increase customer traffic to the C-Stores, and the Subsidy shall not be used for any other purpose.

(d) The subsidy shall begin on June 6, 2019 and shall expire on June 5, 2020.

(e) SIS, LLC shall provide monthly financial statements and fuel reports, and such other information and documents to the Governor and Council to support the expenditure and continuation of the Subsidy.

(f) Six months after the passage of this Act restating and extending the Subsidy Act for an additional year, SIS, LLC shall provide the Governor and Council with a written report and evaluation of the effect of the Subsidy on the price and competitiveness of the gasoline sold at the C-Stores, and the effect, if any, on customer traffic.

(g) The Council authorizes the Governor to continue the Subsidy and execute any documents that may be necessary to support the provision of the Subsidy.

(h) The Governor is authorized to take such actions as deemed necessary to carry out the intent and direction this Act.