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 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	Harrison		DATE TYPED	2-10-04		HB	532
SHORT TITLE		Gross Receipts Revenue for County Bonds				SB
					ANALYST		Neel

REVENUE

Estimated Revenue		Subsequent Years Impact	Recurring or Non-Rec	Fund Affected
FY04	FY05
		NFI

(Parenthesis ( ) Indicate Revenue Decreases)

SOURCES OF INFORMATION

LFC Files

No Responses Received From:

Attorney General Office (AGO)

Taxation and Revenue Department (TRD)

Department of Finance and Administration (TRD)

SUMMARY

Synopsis of Bill

House Bill 532 amends statute to allow counties to use bond proceeds from gross receipts bonds after debt service any time during the year as opposed to end of the fiscal year.

Significant Issues

FISCAL IMPLICATIONS

HB 532 does not contain an appropriation or a fiscal impact.

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