Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

 

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us).  Adobe PDF versions include all attachments, whereas HTML versions may not.  Previously issued FIRs and attachments may also 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

Picraux

DATE TYPED

1/20/03

HB

1

 

SHORT TITLE

Feed Bill

SB

 

 

 

ANALYST

Fernandez

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

4,115.2

 

 

 

Recurring

General Fund

466.8

 

 

 

Nonrecurring

Cash Balance

 

11,665.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

 

SOURCES OF INFORMATION

 

LFC Files

 

SUMMARY

 

Synopsis of Bill

 

House Bill 1 appropriates $16,247.0 from the general fund and cash balances to various legislative agencies for the purpose of funding operations of the 2004 regular legislative session and funding for interim activities, including fiscal year 2005 operating budgets of the Legislative Council Service, Legislative Finance Committee, Legislative Education Study Committee, and the House and Senate chief clerk offices.  Other appropriations include legislative interim expenses, session preparation, statewide legislative internship program, expenses of the Senate Rules Committee and legislative information system.

 

House Bill 1 also creates the “capitol kitchen fund”, consisting of receipts form the sale of food, food services and related concessions by the House of Representatives. 

 

FISCAL IMPLICATIONS

 

The appropriation of $4.1 million contained in this bill for the legislative session is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2004 does not revert to the general fund.  The appropriation of $466.8 contained in this bill for the legislative information system is nonrecurring from cash balances.  The appropriations totaling $11.7 million contained in this bill for legislative offices and other interim expenses are a recurring expense to the general fund.  Any unexpended or unencumbered balances remaining in agency accounts at the end of fiscal year 2005 revert to the general fund.

 

 

 

 

Category

FY04

FY05

 

Recurring GF

Nonrecurring Cash

Recurring GF

Legislature

4,115.2

 

 

Legislative Council Service

 

 

4,246.2

Interim expenses

 

 

886.0

Pre-session expenses

 

 

352.3

Statewide legislative internship program

 

 

25.0

Legislative Finance Committee

 

 

3,303.0

Legislative Education Study Committee

 

 

957.9

Senate Rules Committee

 

 

21.6

House Chief Clerk

 

 

921.1

Senate Chief Clerk

 

 

951.9

Legislative information system

 

466.8

 

Total

4,115.2

466.8

11,665.0

 

Legislative Finance Committee.  Included in the appropriation to the Legislative Finance Committee is $150.0 for two additional auditor positions.  The committee approved the additional positions to enhance audit efforts for public school accountability and information technology oversight.

 

House Concession Receipts.  Effective July 1,2004, money in the capitol kitchen fund may be expended by the Legislative Council Service for start-up costs, supplies and other costs necessary for the operation of the concession.  Balances in the capitol kitchen fund do not revert.  Balances in excess of $5.0 shall be transferred to the state capitol maintenance fund.

 

This bill carries an emergency clause.

 

CTF/lg