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	Pinto		DATE TYPED	2/10/04		HB
SHORT TITLE		Twin Lakes Office Complex Study				SB	507
					ANALYST		Weber

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$81.0			Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Indian Affairs

Economic Development Department

SUMMARY

Synopsis of Bill

Senate Bill 507 appropriates $81 thousand from the general fund to the Department of Indian Affairs for a feasibility study for a government office complex in the Twin Lakes Chapter.

Significant Issues

The Department of Indian Affairs reports:

The Twin Lakes chapter house indicates purpose of the feasibility study is to build a new chapter house. The current chapter house was built in the 1950s. The Navajo Nation’s design and engineering office informed the chapter that they should not add any new additions onto the building because their building is too old. The purpose of the new facility would be to continue and house current services that are being provided to Navajo citizens, including senior center services, land use, veterans’ services and other community services.

FISCAL IMPLICATIONS

The appropriation of $81 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.

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