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	Aragon		DATE TYPED	01/28/04		HB
SHORT TITLE		Public Project Revolving Fund Authorization				SB	201
					ANALYST		Kehoe

APPROPRIATION

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

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates House Bill 125.

SOURCES OF INFORMATION

LFC Files

New Mexico Finance Authority (NMFA)

SUMMARY

Synopsis of Bill

Senate Bill 201 revokes the New Mexico Finance Authority’s legislative authorization to make loans to 25 governmental entities from the Public Project Revolving Fund (PPRF).

Significant Issues

As verified by NMFA, the 25 entities listed within this bill no longer require financial assistance from PPRF administered by NMFA. Nothing prohibits NMFA from seeking legislative authorization to make loans from PPRF at a later date.

The bill contains an emergency clause.

DUPLICATION

This bill duplicates House Bill 125 in its entirety.

LMK/prr