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SPONSOR: |
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DATE TYPED: |
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HB |
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SHORT TITLE: |
Amending the Liquor Control Act |
SB |
688/aSJC/aSFL#1/aHBIC/aHFl#1 |
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ANALYST: |
Maloy |
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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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NFI |
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NFI |
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(Parenthesis
( ) Indicate Expenditure Decreases)
Responses
Received From
Alcohol
and Gaming Division, Regulation and Licensing Department
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.