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F I S C A L I M P A C T R E P O R T
SPONSOR McSorley
ORIGINAL DATE
LAST UPDATED
1/20/06
1/25/06 HB
SHORT TITLE NM Farmers’ Market Promotion & Development
SB 184
ANALYST Earp
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
75.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates House Bill 83
Relates to Appropriation in the General Appropriation Act
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
Senate Bill 184 appropriates $75,000 from the general fund to the Board of Regents of New
Mexico State University for the New Mexico Department of Agriculture to promote and develop
New Mexico farmers’ markets.
FISCAL IMPLICATIONS
The appropriation of $75,000 contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 will revert to
the general fund.
The sum of $71,300 was appropriated for this purpose in Chapter 34, Laws of 2005 (Senate Bill
190.) The Legislative Finance Committee funding recommendation for fiscal year 2007 has in-
cluded this amount as a component of a block-grant appropriation to NMSU for special project
expansion. The Executive recommendation does not include funding for this item. Therefore,