[1] NOTE:  As provided in LFC policy, this report is intended only 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:

Watchman

 

DATE TYPED:

1/30/02

 

HB

229

 

SHORT TITLE:

Navajo Nation Market Surveys

 

SB

 

 

 

ANALYST:

Dunbar

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$1,000.0

 

 

Non-Recurring

General Fund

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates SB 211

 

SOURCES OF INFORMATION

 

Responses Received

NM Office of Indian Affairs (NMOIA)

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 229 appropriates $1,000.0 from the general fund to the NM Office of Indian Affairs to contract for market surveys and economic feasibility assessments of the twenty chapters in the eastern agency of the Navajo Nation.

 

     Significant Issues

 

The bill seems to be unclear as to exactly what the surveys will determine. There is not a specific industry identified to determine its consumers or competitions.

 

FISCAL IMPLICATIONS

 

The appropriation of $1,000.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY 03 shall revert to the general fund.

 

 

ADMINISTRATIVE IMPLICATIONS

 

NMOIA will have to sign a contractual agreement     with a contractor who can deliver the services outlined in the bill.

 

DUPLICATION

 

SB 211

 

POSSIBLE QUESTIONS

 

How was the $1,000.0 price tag determined?

 

BD/njw:ar


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