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	SEC		DATE TYPED	02/09/04		HB
SHORT TITLE		Amend Liquor Control Act				SB	SB581/SECS
					ANALYST		Valenzuela

APPROPRIATION

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

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

The Senate Education Committee substitute for Senate Bill 581 substantively amends one definition in the Liquor Control and makes technical corrections to others. The “licensed premises” definition is amended. The bill carries an emergency clause.

Significant Issues

This bill allows a business, with two independent locations, the opportunity to operate under one license only in cases where the voters in a local option district have not allowed for liquor licenses to be transferred into the district. Businesses must have been in operation since July 1, 1987.

FISCAL IMPLICATIONS

The bill does not contain an appropriation.

MFV/dm