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:

Snyder

 

DATE TYPED:

03/15/03

 

HB

 

 

SHORT TITLE:

Interstate Stream Commission Water Storage

 

SB

742/aHAGC

 

 

ANALYST:

Chabot

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

NFI

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC Files

 

Responses Received From

New Mexico Environment Department (NMED)

Interstate Stream Commission (ISC)

Office of the State Engineer (OSE)

 

SUMMARY

   

     Synopsis of HAGC Amendment

 

The House Agriculture and Water Resources Committee amendment to Senate Bill 742 corrects a spelling error.

 

     Synopsis of Original Bill

 

Senate Bill 742 adds the Interstate Stream Commission to the governmental entities allowed to store water underground by the Ground Water Storage and Recovery.

 

     Significant Issues

 

ISC states this bill would provide a method of water storage that would not be subject to unacceptable evaporative losses and give additional flexibility to ISC in storage options.

 

GAC/njw