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	02/12/04		HB
SHORT TITLE		Heroic American Memorial Highway				SB	SJM 30
					ANALYST		Valenzuela

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
			Minor	Non-Recurring	State Road Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Joint Memorial 30 requests the Secretary of the New Mexico Department of Transportation to designate Interstate-25 in New Mexico as the “Heroic Americans Memorial Highway.”

FISCAL IMPLICATIONS

The bill could have a minor fiscal impact on the department, which would have to develop signage for the interstate. The cost for signs would likely range from $15 thousand to $20 thousand. Given the substantial revenue increase of $56 million to the department during the special session, the department could absorb this additional cost into its budget.

ADMINISTRATIVE IMPLICATIONS

Enactment HJM 1 would require action by the Commission through its monthly public hearing process.

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