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	Tripp		DATE TYPED	2/4/2004		HB	365
SHORT TITLE		Fire Marshal Bureau Funding				SB
					ANALYST		Valenzuela

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$200.0			Non-Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Public Regulation Commission

SUMMARY

Synopsis of Bill

House Bill 365 appropriates $200 thousand from the general fund to Insurance Program of the Public Regulation Commission for the purpose of preparing feasibility studies, capital construction and improvement plans, and implementation plans to attain minimum standards for fire protection services and to complete the building process at the state Firefighter Training Academy in Socorro, New Mexico.

Significant Issues

The original plans for construction for the Academy included a second phase, which has not funded according to the agency. HB365 would provide funding to compile new plans for expansion of the physical plant and programs of the training academy.

FISCAL IMPLICATIONS

The appropriation of $200 thousand contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY05 shall revert to the general fund.

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