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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SPONSOR: |
Stell |
DATE TYPED: |
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HB |
452/aHAFC |
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SHORT TITLE: |
Natural Resource Revenue Recovery Task Force |
SB |
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ANALYST: |
Valenzuela |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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See Narrative |
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(Parenthesis
( ) Indicate Expenditure Decreases)
Energy, Minerals and Natural Resources
Department
State Land Office
Department of Game and Fish
New Mexico Department of Agriculture
SUMMARY
Synopsis of HAFC Amendment
The
House Appropriations and Finance Committee amendment to House Bill 452 deletes
the $100.0 appropriation from the general fund for the natural resource revenue
task force. (Senate Bill 655 includes $100.0 for this item from FY04 recurring
funding.) The task force expenses will
likely be covered by existing budgets.
Synopsis of Original
Bill
House Bill 452
appropriates $100.0 from the general fund to State Land Office for the purpose
of to pay for the operations of the newly-created natural resource revenue task
force. The bill details the task force membership and duties.
Significant
Issues
Many federal laws
related to federal land management, federal water management, and Endangered
Species Act implementation have consequences to agriculture, extractive industries,
and rural economies in New Mexico. The task force would
look at several federal laws (Agricultural Adjustment Act and the National
Industrial Recovery Act) and the Treaty of Guadalupe of Hidalgo specifically to
determine if their objectives are being met with regard to managing public
lands for multiple use and fostering timber harvest
among others.
The task force would study the effects of federal
laws on the rural economy and make policy recommendations regarding a myriad of
issues such as: agricultural production and commodity prices; preservation of
grazing and water rights; extractive industries; rural economic development;
public land management; and the relationship between various laws and treaties
affecting rural industries.
FISCAL IMPLICATIONS
The appropriation of
$100.0 contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance remaining at the end of fiscal year 2004
shall revert to the general fund.
MFV/ls