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:

Gonzales

 

DATE TYPED:

02/27/03

 

HB

643

 

SHORT TITLE:

Taos Food Sector Opportunity Program

 

SB

 

 

 

ANALYST:

Padilla

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$250.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates SB 303

 

SOURCES OF INFORMATION

LFC Files

 

Responses Received From

Department of Finance and Administration

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 643 appropriates $250.0 from the General Fund to the DFA’s Local Government Divisions for the purpose of funding operational, material and travel costs to implement the Taos Food Sector Opportunity Program.

 

     Significant Issues

 

DFA questions why an economic development program is being given to DFA’s Local Government Division.

 

FISCAL IMPLICATIONS

 

The appropriation of $250.0 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.

 

DFA notes that the bill assigns responsibilities to the Local Government Division without providing funds to adequately carry them out.

 

POSSIBLE QUESTIONS

 

  1. Will the program duplicate efforts of the Taos Food Center?
  2. Is the program tied to Taos County Indigent Services?

 

MM/prr/njw