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:

Aragon

 

DATE TYPED:

3/19/03

 

HB

 

 

SHORT TITLE:

Amending the Liquor Control Act

 

SB

688/aSJC/aSFL#1/aHBIC/aHFl#1

 

 

ANALYST:

Maloy

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

NFI

 

NFI

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

Responses Received From

Alcohol and Gaming Division, Regulation and Licensing Department

Office of the Attorney General

 

SUMMARY

 

Synopsis of HFl Amendment #1

 

The House Floor amended SB 688 to strike the House Business and Industries Committee amendment.

 

Synopsis of HBIC Amendment

 

The House Business and Industry Committee amended SB688 to clarify that, though the bill adds “successors or assigns” to the definition of “supplier” under franchise agreements, the definition does not include “successors or assigns for spirituous liquors or wines”.   

 

This amendment is identical to the amendment made on the Senate Floor.

 

Synopsis of SFl #1 Amendment

 

The Senate Floor amended Senate Bill 688 to clarify that, though the bill adds “successors or assigns” to the definition of “supplier” under franchise agreements, the definition does not include “successors or assigns for spirituous liquors or wines”.      

 

 

 

Synopsis of Original Bill

 

Senate Bill 688 amends the Liquor Control Act to make a minor change to the definition of “supplier” under franchise agreements.  The bill adds “successors or assigns” to the definition.

 

Significant Issues

 

If a supplier sells or otherwise transfers its business distributing its brands of alcoholic beverages through licensed wholesalers in New Mexico, the subsequent person or corporate entity assuming the business is included in the scope of the term “supplier”.

 

FISCAL IMPLICATIONS

 

There are no anticipated fiscal implications for the state.

 
SJM/yr