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 for other purposes.

 

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

 

 

 

SPONSOR:

Griego

 

DATE TYPED:

1/30/03

 

HB

 

 

SHORT TITLE:

Intrastate Taxis and Shuttles

 

SB

126

 

 

ANALYST:

Wilson

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

 

 

$0.1

 

 

 

 

SOURCES OF INFORMATION

 

Responses Received From

 

Public Regulatory Commission (PRC)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 126 adds regulatory authority to the Public Regulation Commission over a taxicab service or terminal shuttle service that begins and ends service routes in the state and is engaged in non-exempt intra-state business.

    

     Significant Issues

 

SB 126 makes New Mexico law consistent with the federal Real Interstate Driver Equity Act of 2001.

          

FISCAL IMPLICATIONS

 

The Transportation Division of the PRC is currently handling these regulatory responsibilities. 

 

ADMINISTRATIVE IMPLICATIONS

 

The PRC expects a minimal increase in filing and other regulatory activity as a result of the SB 126 provisions. The Transportation Division will be required to register and monitor additional interstate taxicab and terminal shuttle service carriers. 

 

TECHNICAL ISSUES

 

The word “and” should be inserted after “state” on line 1, page 11.

 

DW/njw ;yr