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).

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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 Rawson

DATE TYPED 02/28/05 HB

SHORT TITLE Legislative Approval for State Building Names

SB 923

ANALYST Geisler

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

General Services Department

SUMMARY

Synopsis of Bill

Senate Bill 923 requires prior approval by the legislature to name or designate state real property,

including buildings, monuments, statues, fixtures, or improvements.

Significant Issues

This bill would include the legislature in the process of naming state real property and buildings.

FISCAL IMPLICATIONS

None noted.

ADMINISTRATIVE IMPLICATIONS

Could delay naming of state facilities in order to obtain legislative approval.

WHAT WILL BE THE CONSEQUENCES OF NOT ENACTING THIS BILL.

Legislative concurrence will not be required for naming of buildings or other property owned by

executive agencies on behalf of the State of New Mexico.