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.
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F I S C A L I M P A C T R E P O R T
SPONSOR Martinez
DATE TYPED 1/18/2005 HB 1
SHORT TITLE Feed Bill
SB
ANALYST Fernandez
APPROPRIATION
Appropriation Contained Estimated Additional Impact
FY05
FY06
FY05
FY06
Recurring
or Non-Rec
Fund
Affected
7,124.3
Recurring General Fund
952.3
Nonrecurring Cash Balance
12,584.8
Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Bill 1 appropriates $20,661.4 from the general fund and cash balances to various legisla-
tive agencies for the purpose of funding operations of the 2005 legislative session and funding
for interim activities, including fiscal year 2006 operating budgets of the Legislative Council
Service, Legislative Finance Committee, Legislative Education Study Committee, and the House
and Senate chief clerk offices. Other appropriations include legislative interim expenses, session
preparation, statewide legislative internship program, expenses of the Senate Rules Committee,
security and life safety improvements and legislative information system.
FISCAL IMPLICATIONS
The appropriation of $7.1 million contained in this bill for the legislative session is a recurring
expense to the general fund. The appropriation of $952.3 contained in this bill for security and
life safety improvements and the legislative information system is nonrecurring from cash bal-
ances. The appropriations totaling $12.6 million contained in this bill for legislative offices and
other interim expenses are a recurring expense to the general fund.