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	Campos		DATE TYPED	02/09/04		HB
SHORT TITLE		Emergency Fund Grants to Indian Entities				SB	409
					ANALYST		Johnson

APPROPRIATION

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

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 409 provides the state board of finance the ability to make emergency loans or grants to Indian nations, tribes or pueblos located in New Mexico. Current law allows the state board of finance to lend or grant to any state agency, board, commission, municipal corporation or other political subdivision. The bill adds Indian nations, tribes and pueblos in New Mexico to the list of entities that are able to receive emergency loans or grants from the state board of finance.

Significant Issues

Currently the state board of finance makes emergency loans or grants to the Indian Affairs department, which requests loans or grants on behalf of the Indian nations, tribes or pueblos.

FISCAL IMPLICATIONS

The bill does not contain an appropriation.

CJJ/dm