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 a vailable 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 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 Lundstrom
DATE TYPED 3/17/05
HB 1043/HBICS/aSFC
SHORT TITLE Horse Rescue and Retirement Facilities
SB
ANALYST Aguilar
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$3.5
Recurring Livestock Board
Operating Fund
$10.0 Nonrecurring Livestock Board
Operating Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
REVENUE
Estimated Revenue
Subsequent
Years Impact
Recurring
or Non-Rec
Fund
Affected
FY05
FY06
$3.5
$2.0 Recurring
Livestock Board
Operating Fund
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of SFC Amendment
The Senate Finance Committee amendment to the House Business and Industry Committee Sub-
stitute for House Bill 1043 reduces the initial inspection and registration fee for horse rescue and
retirement facilities from $500 dollars to $250 dollars.
Synopsis of Original Bill
The House Business and Industry Committee substitute for House Bill 1043 provides for the
oversight and regulation of horse rescue and retirement facilities. The bill provides for the New
Mexico livestock board, to promulgate rules for horse facilities and further provides for the in-
spection of such facilities. The bill also provides for a hearing and inspection process and allows
for suspension or revocation of registration.
HB 1043 establishes fees for facilities inspection and registration.