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F I S C A L I M P A C T R E P O R T
SPONSOR Vigil
ORIGINAL DATE
LAST UPDATED
2/13/2007
HB 1068
SHORT TITLE
Northern Nm Agricultural Product Study
SB
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$50.0
Non-Rec
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to
HB745
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Department of Higher Education (HED)
SUMMARY
Synopsis of Bill
House Bill 1068 makes an appropriation of $50,000 from the General Fund to the New Mexico
Department of Agriculture for expenditure in FY08 for an agricultural products feasibility study
in San Miguel, Mora, and Guadalupe counties.
FISCAL IMPLICATIONS
The appropriation of $50,000 contained in this bill is a non-recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the
general fund.
SIGNIFICANT ISSUES
The New Mexico Department of Agriculture (NMDA), under the control of the NMSU Board of
Regents, is responsible for administering laws and regulations that daily affect the lives of every