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.

 

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 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:

Martinez

 

DATE TYPED:

2/5/03

 

HB

 

 

SHORT TITLE:

Revenue Sharing of Tribal Gaming Revenue

 

SB

206

 

 

ANALYST:

Smith

 

REVENUE

 

Estimated Revenue

Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

 

 

 

 

220.0

 

Recurring

City of Espanola

 

(220.0)

 

Recurring

General Fund

 

 

 

 

 

(Parenthesis ( ) Indicate Revenue Decreases)

 

Duplicates HB236

 

SOURCES OF INFORMATION

 

Gaming Control Board Quarterly Reports

 

     Synopsis of Bill

 

Senate Bill 206 distributes one-sixth of the net receipts the state receives from tribal revenue sharing to municipalities in which the Indian gaming facility is located.  Distributions will be expended to improve municipal government infrastructure or to provide police and fire protection.  Distributions will be made quarterly.

 

FISCAL IMPLICATIONS

 

Analysts are only aware of one municipality that would benefit from this provision. The number in the revenue table is based off the latest quarterly data.

 

SS/prr