NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



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F I S C A L I M P A C T R E P O R T





SPONSOR: Madalena DATE TYPED: 02/24/01 HB 896
SHORT TITLE: Office of Indian Affairs Budget Shortfall SB
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02
$ 400.0 Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)





SOURCES OF INFORMATION



Office of Indian Affairs

LFC Files



SUMMARY



Synopsis of Bill



House Bill 896 appropriates $400.0 from the general fund for fiscal years 2001 and 2002 to the New Mexico Office of Indian Affairs to fund shortfalls in the agency's budget.



Significant Issues



According to the agency, the proposed funds would be used to address costs related to capital projects. The agency will fund a contractor, additional travel expenses and capital outlay. The agency has not indicated the exact amounts for each of these items, or for what the capital outlay expenditures would be. Also, the agency indicates that the proposed funding in the current House Bill 2 will leave the agency $72.0 short for FY02.

FISCAL IMPLICATIONS



The appropriation of $400.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund.



POSSIBLE QUESTIONS