0001|                            HOUSE BILL 163
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                             GARY K. KING
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0005|     
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0006|                                   
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0007|     
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0008|        FOR THE REGULATION COMMISSION REORGANIZATION COMMITTEE
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0009|     
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0010|                                AN ACT
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0011|     MAKING AN APPROPRIATION TO THE DEPARTMENT OF FINANCE AND
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0012|     ADMINISTRATION TO PAY TRANSITION COSTS OF ESTABLISHING THE
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0013|     PUBLIC REGULATION COMMISSION; DECLARING AN EMERGENCY.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|          Section 1.  APPROPRIATION.--Five hundred thousand dollars
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0017|     ($500,000) is appropriated from the general fund to the
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0018|     department of finance and administration for expenditure in
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0019|     fiscal years 1998 and 1999 to pay the necessary expenses to
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0020|     establish the public regulation commission on January 1, 1999. 
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0021|     This appropriation shall be expended pursuant to a transition
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0022|     plan approved by a transition team appointed by the secretary
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0023|     of finance and administration after consultation with the
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0024|     state corporation commission, the New Mexico public utility
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0025|     commission and the legislative finance committee.  The
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0001|     transition team shall include staff members from the two
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0002|     commissions and people from other state agencies or the
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0003|     private sector who have expertise in finance and budget,
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0004|     computer systems and other fields pertinent to the merger. 
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0005|     Members of the transition team shall serve without
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0006|     compensation or reimbursement.  None of this appropriation
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0007|     shall be used for administrative costs of the department of
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0008|     finance and administration.  Any unexpended or unencumbered
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0009|     balance remaining at the end of fiscal year 1999 shall revert
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0010|     to the general fund.
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0011|          Section 2.  EMERGENCY.--It is necessary for the public
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0012|     peace, health and safety that this act take effect
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0013|     immediately.
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0014|                            - 2 -
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