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: Altamirano DATE TYPED: 02/23/01 HB
SHORT TITLE: Healthcare Finance Act SB 342
ANALYST: Kehoe


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
NFI NFI NFI NFI N/A N/A



(Parenthesis ( ) Indicate Expenditure Decreases)





SOURCES OF INFORMATION



Health Policy Commission

Department of Health - Did Not Respond



SUMMARY



Synopsis of Bill



Senate Bill 342 amends certain sections of the New Mexico Special Hospital District Act; the Hospital Funding Act; and the Hospital Equipment Loan Act. to expand the purpose of loans and financing opportunities for health care providers.



Significant Issues



Senate Bill 342 amends various sections to do the following:







FISCAL IMPLICATIONS



The appropriation of (AMOUNT) contained in this bill is a (RECURRING or NON-RECURRING) expense to the (GENERAL FUND or OTHER). Any unexpended or unencumbered balance remaining at the end of (FISCAL YEAR) shall revert to the (GENERAL FUND or OTHER).



Continuing Appropriations



If Applicable



This bill creates a new fund and provides for continuing appropriations. The LFC objects to including continuing appropriation language in the statutory provisions for newly created funds. Earmarking reduces the ability of the legislature to establish spending priorities.



LMK/njw