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

2/7/2004

HB

 

 

SHORT TITLE

Support Regional Senior Companion Programs

SB

494

 

 

ANALYST

Chabot

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

$50.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

LFC Files

 

Responses Not Received From

State Agency on Aging (SAOA)

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 494 appropriates $50 thousand from the general fund to SAOA for the purpose of senior companion programs in Guadalupe and Quay counties.

 

Significant Issues

 

Because SAOA did not respond.  Details on the uses and client services are unavailable.

 

FISCAL IMPLICATIONS

 

The appropriation of $50 thousand 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

 

  1. How will this funding be used?
  2. How many individuals will be served by this appropriation?

 

 

GAC/yr:dm