[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.

 

Only the most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website.  The Adobe PDF version includes all attachments, whereas the HTML version does not.  Previously issued FIRs and attachments may be obtained from the LFC’s office in Suite 101 of the State Capitol Building North.

 

 

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

 

 

 

SPONSOR:

Fidel

 

DATE TYPED:

02/09/02

 

HB

 

 

SHORT TITLE:

Capital Outlay Projects

 

SB

358

 

 

ANALYST:

Kehoe

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

NFI

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Relates to HB 88

 

SOURCES OF INFORMATION

 

LFC Files

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 358 reauthorizes previous years capital outlay appropriations by changing the purpose of a project, extending reversion dates, changing the grantee or broadening language to clarify the purpose of the project. 

 

     Significant Issues

 

The reauthorization process is used to amend capital outlay projects funded in previous years.  The amendments may include a change of purpose or language, an extension of the reversion period, or a change of the grantee.  Traditionally, reauthorizations have been included in a section at the end of the capital outlay bill.  However, as was the case in 1997 and again in 2001, if the capital bill is vetoed, reauthorized projects cannot move forward for another year, or the funding for the project may revert. 

 

Senate Bill 358 contains all reauthorizations requested by members of the Senate and Executive agencies in the 2002 Legislative Session. 

 

 

 

RELATIONSHIP

 

The capital outlay bill traditionally originates in the House.  If Senate Bill 358 is not amended to include the reauthorizations requested by members of the House of Representatives, it is expected the House reauthorizations will be amended into a section in the back of House Bill 88. 

 

OTHER SUBSTANTIVE ISSUES

 

Other capital projects that may be considered in separate legislation may include projects appropriated from “other funds” such as Miner’s Trust Fund, Game Protection Fund, Irrigation Water Construction Fund, and projects driven by state compacts, such as the Cumbres & Toltec Scenic Railroad. 

 

LMK/ar

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