HOUSE BILL 993

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

Kathy A. McCoy

AN ACT

RELATING TO PUBLIC FINANCE; PROVIDING FOR THE TAXPAYER TRANSPARENCY WEB SITE; REQUIRING THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO ESTABLISH A SEARCHABLE WEB SITE THAT PROVIDES THE PUBLIC WITH INFORMATION ABOUT STATE REVENUES AND EXPENDITURES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. TAXPAYER TRANSPARENCY WEB SITE--STATE REVENUE AND EXPENDITURE REPORTS--SEARCHABLE WEB SITE.--

          A. The department of finance and administration shall establish a searchable taxpayer transparency web site that provides the public with information about state revenues and expenditures.

          B. The taxpayer transparency web site shall include:

                (1) the annual operating budgets of state agencies;

                (2) special appropriations received outside the general appropriation act by each state agency and the purpose of those appropriations;

                (3) monthly revenue reports that detail:

                     (a) how much money the state received in the preceding month that identifies the source, such as type of tax, fee, fine or other collection category;

                     (b) into which fund, account or subaccount in the state treasury the money was deposited; and

                     (c) revenue disbursements in the preceding month to local governments, government instrumentalities, the general fund and other state funds from revenue collections;

                (4) monthly expenditure reports that detail expenditures from each fund in the state treasury for the preceding month that identifies the expenditure by:

                     (a) state agency;

                     (b) expenditure line-item in the contractual services budget category;

                     (c) source of funding; and

                     (d) recipient;

                (5) monthly budget adjustment requests, pending and approved, by state agency and affected line-item and budget category;

                (6) reversions and cash balances by state agency and fund;

                (7) monthly reports detailing expenditures for tax refunds, rebates or credits, excluding those that result from overpayment of taxes by a taxpayer;

                (8) annual and special audits;

                (9) the monthly department of finance and administration capital outlay monitoring report, including the amounts paid and remaining from severance tax bonds, general obligation bonds, the general fund and other state funds;

                (10) state board of finance loans to other agencies or political subdivisions and the purpose of those loans; and

                (11) any other information the department determines would benefit the public's understanding of state revenues and expenditures.

          C. The taxation and revenue department, the state treasurer and other state agencies shall provide the department of finance and administration with information necessary to accomplish the purposes of this section; provided, however, that nothing in this section shall require the disclosure of information that is otherwise confidential pursuant to other provisions of law.

          D. As used in this section, "state agency" means a department, office, board, commission, institution of higher learning or other agency or institution of the executive branch.

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