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| SPONSOR: | Lundstrom | DATE TYPED: | 03/15/01 | HB | HJM - 80 | ||
| SHORT TITLE: | Local Government Infrastructure Funding | SB | |||||
| ANALYST: | Padilla | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| NFI | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Joint Memorial 80 remarks on the current status of infrastructure financing for local governments in New Mexico and requests that an appropriate interim legislative committee study infrastructure financing needs and options for municipalities and counties. The memorial asks that the committee report its findings and make recommendations to the next legislative session.
Significant Issues
The memorial calls attention to the Local Infrastructure Capital Improvement Plan (ICIP), which is prepared annually by DFA's Local Government Division. In an effort to coordinate and plan local infrastructure capital improvements, the Local Government Division works with municipalities, counties, tribes and other local government entities to prepare the ICIP. The ICIP catalogs the needs of local governments in the following areas: water supply, housing, roads/streets/bridges, parks, fire equipment, wastewater, solid waste, cultural facilities, airports, administrative facilities, storm/surface water containment, service facilities and other.
The ICIP is used by the legislature (in making decisions on capital outlay), the New Mexico Finance Authority and by DFA (in making decisions on Community Development Block Grant funding).
FISCAL IMPLICATIONS
This is a memorial and contains no appropriation.
CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP
This memorial relates to a number of bills introduced this session relating to infrastructure finance, capital outlay and local taxation issues. House Joint Memorial 75 requests the United States Congress to appropriate funds to assist local governments with infrastructure improvements. The memorial explains that local governments often have difficulty in financing improvements such as street paving, water and drainage systems and erosion prevention.
LP/njw