44th legislature - STATE OF NEW MEXICO - second session, 2000

RELATING T0 THE LEGISLATIVE FINANCE COMMITTEE; PROVIDING FOR COST-BENEFIT ANALYSES ON PENDING LEGISLATION AFFECTING BUSINESSES OR BUSINESS ACTIVITIES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. Section 2-5-4.1 NMSA 1978 (being Laws 1979, Chapter 229, Section 1) is amended to read:

"2-5-4.1. [LEGISLATIVE SYSTEMS] PENDING LEGISLATION--COORDINATION WITH OTHER AGENCIES.--

A. The legislative finance committee shall cooperate with the office of the governor, the department of finance and administration and the taxation and revenue department in designing a timely and accurate system of providing fiscal impact and other pertinent information to the legislature concerning pending legislation.

B. The legislative finance committee, in cooperation with the department of finance and administration, the taxation and revenue department and the economic development department, shall prepare cost-benefit analyses on any pending legislation that may affect businesses or business activities. The analyses shall be available for review by all members of the legislature."