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	Garcia		DATE TYPED	01/30/04		HB
SHORT TITLE		Marketing for Socially Disadvantaged Farmers				SB	108
					ANALYST		Johnson

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$150.0			Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 108 appropriates $150,000 from the general fund to the local government division of the department of finance and administration for the city of Las Cruces to contract with a nonprofit organization to create a marketing plan to sell the farm goods of socially disadvantaged farmers to markets outside the city of Las Cruces.

FISCAL IMPLICATIONS

The appropriation of $150.0 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.

POSSIBLE QUESTIONS

Would the appropriation be more effective if allocated to the Department of Agriculture, which is an agriculture producer-consumer service department located at NMSU in Las Cruces? What is the definition of a socially disadvantaged farmer?

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