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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F I S C A L I M P A C T R E P O R T
SPONSOR Snyder
ORIGINAL DATE
LAST UPDATED
1-24-07
3/9/07 HB
SHORT TITLE Legislative Approval for Some NMFA Projects
SB 202/aHTPWC
ANALYST Kehoe
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
NFI
NFI
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
REVENUE (dollars in thousands)
Estimated Revenue
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
FY09
(See Fiscal Narrative)
NA*
Recurring
Local
Transportation
Infrastructure
Fund
(Parenthesis ( ) Indicate Revenue Decreases)
*Not applicable at this time.
SOURCES OF INFORMATION
LFC Files
New Mexico Finance Authority
SUMMARY
Synopsis of HTPWC Amendment
The House Transportation and Public Works Committee amendment inserts a new section
making September 1, 2007 the effective date for the provisions of this bill.
Synopsis of Original Bill
Senate Bill 202 amends the New Mexico Finance Authority Act to require legislative approval of
projects funded from the local transportation infrastructure fund.