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F I S C A L I M P A C T R E P O R T

SPONSOR Martinez

ORIGINAL DATE

LAST UPDATED

02/08/06

HB 732

SHORT TITLE

TRIBAL COMMUNITY ECONOMIC

DEVELOPMENT

SB

ANALYST Weber

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

$350.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to HB 789

SOURCES OF INFORMATION

LFC Files

Responses Received From

Economic Development Department (EDD)

Indian Affairs Department (IAD)

SUMMARY

Synopsis of Bill

House Bill 732 appropriates $350 thousand from the general fund to the Indian Affairs

Department for the purpose of increasing economic development initiatives in tribal

communities.

FISCAL IMPLICATIONS

The appropriation of $350 thousand contained in this bill is a recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of FY07 shall revert to

the general fund.

SIGNIFICANT ISSUES

Economic Development and Indian Affairs contribute the following:

The bill would support an initiative involving the New Mexico Economic Development

House Bill 732 – Page 2

Department (NMEDD) and the American Indian Chamber of Commerce of New Mexico

(AICCNM). Together, these entities would work to implement a number of economic

development projects in tribal communities pursuant to the tribal consultation pilot plan as

submitted by the NMEDD. Specifically, the funding would support AICCNM and NMEDD’s

Four Winds Development Initiative (FWD). The initiative “Investing, job creation, partnerships,

expansion into…New Mexico Communities…Moving Forward” proposes to assist tribal

communities in accessing the programs and services available through NMEDD.

Additionally, the proposed projects include a tribal economic development summit and a

comprehensive assessment of tribal infrastructure and economic development needs of the

twenty-two Indian Tribes, Nations and Pueblos in New Mexico, among others.

The NM Indian Affairs Department would help assist the NMEDD and the AICCNM to achieve

the goal of increasing economic development initiatives in tribal communities.

TECHNICAL ISSUES

The Indian Affairs Department notes that since the appropriation request is for a tribal economic

development project, it might better serve the intent of HB732 to have the appropriation go to the

NM Economic Development Department (NMEDD). NMEDD has experience and expertise in

this area and the intention of HB732 appears to dovetail with their scope of work.

MW/nt:mt