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F I S C A L I M P A C T R E P O R T
SPONSOR Jennings
ORIGINAL DATE
LAST UPDATED
1/31/2008
HB
SHORT TITLE
Complete Authorized Transportation Projects
SB 530
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$50,000.0
Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Department of Transportation (NMDOT)
SUMMARY
Synopsis of Bill
Senate Bill 530 appropriates $50 million from the general fund to NMDOT for expenditure in
fiscal years 2009 through 2011 for the purpose of completing those projects in GRIP excluding
commuter rail. The distribution of this money shall be based upon a plan developed by NMDOT
that encompasses all six districts and includes consideration of the total highway mileage in each
district.
FISCAL IMPLICATIONS
The appropriation of $50 million contained in this bill is a non-recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2011 shall
revert to the general fund.
SIGNIFICANT ISSUES
Due to inflationary rates, rising costs in the construction industry and unforeseen project scope
changes The GRIP program is under-funded by $494 million. The $50 million appropriated in
this bill would be distributed to projects in the six transportation commission districts, based on a
distribution methodology developed by NMDOT that takes into account the total highway