[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:

Altamirano

 

DATE TYPED:

01/31/02

 

HB

 

 

SHORT TITLE:

Promote Local Farmers’ Markets

SB

62

 

 

ANALYST:

Fernandez

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$45.0

 

 

Recurring

General Fund

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates HB34

 

SOURCES OF INFORMATION

 

Commission on Higher Education (CHE)

New Mexico Department of Agriculture (NMDA)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 62 appropriates $45.0 from the general fund to New Mexico State University for the purpose of promoting local farmers’ markets throughout the state, providing marketing and organizational assistance to new and developing markets and to disseminate educational information about New Mexico agriculture to consumers.

 

     Significant Issues

 

Laws of 2001, Chapter 64, included a non-recurring appropriation in the amount of $45.0 for this same purpose to NMSU.

 

FISCAL IMPLICATIONS

 

The appropriation of $45.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

 

 

OTHER SUBSTANTIVE ISSUES

 

This program was not included in the approved FY03 budget request by the NMSU Board of Regents for submission to the CHE.

 

DUPLICATION

 

Duplicates HB34

 

CTF/njw:ar


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