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	Komadina		DATE TYPED	2-12-04		HB
SHORT TITLE		Study Unfunded Mandates to Public Schools				SB	SJM-55
					ANALYST		Segura

APPROPRIATION

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

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

New Mexico Public Education Department (PED)

SUMMARY

Synopsis of Bill

Senate Joint Memorial 55 requests that the Legislative Education Study Committee, (LESC) in cooperation with the PED, study the issue of mandates from federal and state law and PED rules.

Significant Issues

Senate Joint Memorial 55 requests that the study include what the mandates cost, whether they are fully or partially funded by law or rule, and whether there is a fiscal impact over time.

The LESC will make recommendations to the Legislature on its findings.

ADMINISTRATIVE IMPLICATIONS

PED staff will work with LESC to complete the study and report to the Legislature.

RS/dm