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
|
SPONSOR |
Lundstrom |
DATE TYPED |
|
HB |
536/aHAFC |
||
|
SHORT
TITLE |
Indian Law Institute for NM Legislators |
SB |
|
||||
|
|
ANALYST |
Fernandez |
|||||
APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
|
FY04 |
FY05 |
FY04 |
FY05 |
||
|
|
$5.0 |
|
|
Non-recurring |
Cash
Balance |
(Parenthesis
( ) Indicate Expenditure Decreases)
LFC Files
SUMMARY
Synopsis
of HAFC Amendment
The House Appropriations and Finance Committee Amendment
appropriates $5 thousand from legislative cash balances rather than from
general fund with any unexpended or unencumbered balance remaining at the end
of fiscal year 2005 to revert back as legislative cash balance. The amendment further clarifies that the
appropriation is to Legislative Council Service.
Synopsis of Original Bill
House Bill 536 appropriates
$5 thousand from the general fund to Legislative Council for the purpose of
providing a full-day Indian law institute for
FISCAL IMPLICATIONS
The appropriation of $5
thousand contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance remaining at the end of fiscal year 2005
shall revert to the general fund.
This appropriation
would provide sufficient per-diem for approximately 34 legislators to attend
the institute, not including mileage reimbursement.
Currently, legislators
receive the federal per-diem rate of $146.00/day plus mileage to attend legislative
meetings.
CTF/yr