0001| SENATE BILL 202
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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| MANNY M. ARAGON
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0010| AN ACT
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0011| RELATING TO ECONOMIC GROWTH; MAKING AN APPROPRIATION TO THE
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0012| CONSTRUCTION INDUSTRIES DIVISION OF THE REGULATION AND
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0013| LICENSING DEPARTMENT FOR THE PURPOSE OF EVALUATING AND
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0014| REPORTING ON THE COSTS AND BENEFITS OF ECONOMIC GROWTH IN NEW
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0015| MEXICO; DECLARING AN EMERGENCY.
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0016|
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0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018| Section 1. TEMPORARY PROVISION--CONSTRUCTION INDUSTRIES
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0019| DIVISION--STUDY.--
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0020| A. The construction industries division of the
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0021| regulation and licensing department shall contract with the
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0022| bureau of business and economic research at the university of
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0023| New Mexico to examine the economic aspects of both costs and
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0024| benefits of economic growth, over a short- and long-term
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0025| basis, and to prepare a comprehensive study of the economic
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0001| issues in order to improve public dialogue and sound
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0002| policymaking at the state, regional and local levels. In
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0003| preparing the study, the bureau shall:
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0004| (1) investigate physical, economic and
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0005| population growth in New Mexico, and their particular positive
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0006| and negative impacts on communities, natural resources, people
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0007| and public and private facilities and infrastructure and long-
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0008| term employment, job creation and economic issues, as well as
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0009| issues related to potential future physical, economic and
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0010| population growth;
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0011| (2) investigate the positive and negative
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0012| fiscal impacts of physical, economic and population growth
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0013| over both the short and long term on state, county and local
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0014| taxpayers and state, county and local government; and
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0015| (3) evaluate long-term implications of and
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0016| interrelationships between local and regional economies,
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0017| including property taxes, cost of housing and land values,
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0018| availability and affordability of housing, income levels,
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0019| gross receipts tax revenues, bonding capacity, state and
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0020| federal income taxes, employment and wages, ability to attract
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0021| new jobs with emphasis on long-term high-quality employment,
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0022| economic development initiatives with tradeoffs between
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0023| incentives and benefits, current development fees or costs for
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0024| new physical development, including exactions, persons below
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0025| the poverty level and construction industry impacts.
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0001| B. The bureau of business and economic research
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0002| shall coordinate the comprehensive evaluation and may
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0003| subcontract with appropriate professionals to assist in the
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0004| evaluation.
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0005| C. In preparing the evaluation, the bureau of
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0006| business and economic research shall meet with and seek input
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0007| from community organizations, businesses, environmentalists,
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0008| the development industry, agriculture and other interested
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0009| parties.
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0010| D. The comprehensive evaluation shall include a
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0011| written report and public presentation of its findings and
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0012| conclusions to be presented to the appropriated interim
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0013| legislative committee no later than December 31, 1998.
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0014| Section 2. APPROPRIATION.--One hundred thousand dollars
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0015| ($100,000) is appropriated from the general fund to the
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0016| construction industries division of the regulation and
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0017| licensing department for expenditure in fiscal years 1998 and
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0018| 1999 for the purpose of carrying out the provisions of Section
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0019| 1 of this act. Any unexpended or unencumbered balance
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0020| remaining at the end of fiscal year 1999 shall revert to the
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0021| general fund.
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0022| Section 3. EMERGENCY.--It is necessary for the public
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0023| peace, health and safety that this act take effect
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0024| immediately.
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