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	Hobbs		DATE TYPED	01/29/04		HB	HR 1
SHORT TITLE		Equal Distribution of Capital Outlay Funds				SB
					ANALYST		Kehoe

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
NFI					NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

HR 1 relates to HR 2.

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

House Resolution 1 requests that capital outlay funds be distributed equally among members of the House of Representatives.

Significant Issues

House Resolution 1 requests that capital outlay funding for projects funded from the general fund and by severance tax bonds be distributed equally among members of the House of Representatives for their respective districts.

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

House Resolution 2 proposes the House of Representatives use certain guidelines when determining expenditure of capital outlay funds. One of the proposed guidelines states “funding for capital outlay projects should be distributed equally to all regions of the state to ensure that all New Mexico residents share in the economic, health, safety, educational and social benefits of improved infrastructure.”

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