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:

Varela

 

DATE TYPED:

2/1/03

 

HB

221

 

SHORT TITLE:

Santa Fe Farmers’ Market

 

SB

 

 

 

ANALYST:

Maloy

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

$121.0

 

 

 

Non-Recurring

General Fund /

Local Govt.

Division of DFA

 

SOURCES OF INFORMATION

 

Responses Received From

New Mexico State Department of Agriculture

 

SUMMARY

 

 Synopsis of Bill

 

House Bill 221 appropriates $121,000 to plan and develop a permanent farmers’ market site in Santa Fe at the City of Santa Fe rail yard. HB 221 contains an emergency clause.

 

Significant Issues

 

·        The Santa Fe farmers’ market is the primary retail outlet for most northern New Mexico small-scale farmers.

 

·        The market supports over 200 farmers from a 15-county region in northern New Mexico.

 

·        The permanent market will be a year-round operation with the number of vendors increasing by 50%.

 

·        The permanent market supports local rural economies and contributes in preserving agricultural land.

 

·        A new site for the Santa Fe Farmers’ Market is greatly needed because the current site will be developed for a different use.

 

·        The Santa Fe rail yard master plan calls for the Santa Fe Farmers’ Market to retain a central presence in the rail yard.

 

FISCAL IMPLICATIONS

 

HB 221 appropriates $121.0 from the general fund to the local government division of the department of finance and administration for expenditure in FY03 and FY04.   Any unexpended or unencumbered balance remaining at the end of FY04 shall revert to the general fund.

 

SJM/njw ;yr