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 Luna

DATE TYPED 02/23/05 HB HJR 16

SHORT TITLE

Valencia County Land Lease

SB

ANALYST Geisler

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

Minimal Recurring Other State

Funds

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

Responses Received From

General Services Department (GSD)

13

th

Judicial District Court

SUMMARY

Synopsis of Bill

HJR 16 authorizes the Property Control Division of the General Services Department

(GSD/PCD) to lease approximately 6.8606 acres of land at the Los Lunas Medical Center to Va-

lencia County for a period of 99 years for the purpose of constructing a new courthouse for the

Valencia County district court.

Significant Issues

The Los Lunas Medical Center campus has sufficient vacant land for this new courthouse. This

may provide new opportunities for additional development to support or enhance the courthouse

location, such as attorney offices, and other business offices that provide services to the district

court.

The citizens of Valencia County have approved a referendum in support of the project and the

county has approved issuance of general obligation bond for the project. The county is preparing

to issue invitation for bids for construction of the courthouse facility.

House Joint Resolution 16 -- Page 2

FISCAL IMPLICATIONS

Minimal Lease negotiations are not final, but as the state expects to benefit from Valencia

County’s investment at the location, the lease agreement is likely to specify a minimal lease pay-

ment.

OTHER SUBSTANTIVE ISSUES

Building the new Valencia County courthouse will expand the use of the Los Lunas Medical

Center as a state campus. This effort conforms with the strategy to consolidate state services in

campus locations to facilitate public access. A master plan for the Albuquerque area, including

the Los Lunas Medical Center, is being conducted for the Capitol Buildings Planning Commis-

sion.

WHAT WILL BE THE CONSEQUENCES OF NOT ENACTING THIS BILL.

GSD/PCD could lease the described property to Valencia County for 40 years under the authori-

zation provided in HJR 14, Laws of 1997.