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F I S C A L I M P A C T R E P O R T
SPONSOR HAFC
ORIGINAL DATE
LAST UPDATED
2/08/08
HB CS 663/aHAFC
SHORT TITLE Disaster Relief
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$1.0
Non-recurring
Tax Stabilization
Reserve
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of HAFC Amendment
On page 2, line 11, strike “tax stabilization reserve" and insert “appropriation contingency fund."
Synopsis of Original Bill
House Bill 663, Relating to the Public Peace, Health, Safety and Welfare; Making an
Appropriation for Emergency Disaster Relief for Taos, McKinley, San Juan, Mora and Colfax
Counties; Declaring an Emergency, appropriates $1.0 million to alleviate the emergency
situation in the above named counties.
FISCAL IMPLICATIONS
The appropriation of $1.0 million contained in this bill is a non-recurring expense to the tax
stabilization reserve. Any unexpended or unencumbered balance remaining at the end of FY09
shall revert to the tax stabilization reserve.
SIGNIFICANT ISSUES
House Bill 663 appropriates $1.0 million to alleviate the emergency situation in Taos, McKinley,
San Juan, Mora and Colfax counties as a result of recent heavy snows. The funds will be used
on expenditures such as temporary lodging, sheltering, health care, food and snow removal. The
funds will be distributed as follows: