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:

Stell

 

DATE TYPED:

02/12/03

 

HB

452/aHAFC

 

SHORT TITLE:

Natural Resource Revenue Recovery Task Force

 

SB

 

 

 

ANALYST:

Valenzuela

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

 

 

See Narrative

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

Energy, Minerals and Natural Resources Department

State Land Office

Department of Game and Fish

New Mexico Department of Agriculture

New Mexico Organic Commodity Commission

 

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