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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

Saavedra

DATE TYPED

1/26/04

HB

40

 

SHORT TITLE

Manufacturing Extension Services

SB

 

 

 

ANALYST

Gilbert

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

$400.0

 

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC Files

 

Responses Received From

Economic Development Department (EDD)

 

SUMMARY

 

Synopsis of Bill

 

House Bill 40 appropriates $400 thousand from the general fund to the Economic Development Department (EDD) to contract for manufacturing extension services for expenditure in fiscal years 2004 and 2005. The bill also contains an emergency clause.

 

Significant Issues

 

The appropriation in this bill is contingent upon the receipt of money from the National Institute of Standards and Technology to operate a manufacturing center in New Mexico. The manufacturing center must also be approved by the National Institute of Standards and Technology.

 

FISCAL IMPLICATIONS

 

The appropriation of $400.0 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.

 

 

 

TECHNICAL ISSUES

 

According to EDD, the following amendments should be considered:

 

  • The term “manufacturing extension services” should be defined in the bill.
  • Funding is contingent on the receipt of money from the national institute of standards and technology to operate a manufacturing center; however, it is not clear how much money satisfies this requirement.
  • It is not clear how the approval or lack thereof for a manufacturing center in New Mexico by the national institute of standards and technology affects the provision of the funds approved under this bill.
  • The term “manufacturing center” should be defined in the bill.

 

 

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