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| SPONSOR: | Thompson | DATE TYPED: | 02/19/99 | HB | 539 | ||
| SHORT TITLE: | Emergency Budget Adjustment Requests | SB | |||||
| ANALYST: | Burch | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| NFI | NFI | ||||
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to House Bill 538
SOURCES OF INFORMATION
LFC files
SUMMARY
Synopsis of Bill
The bill amends Section 6-3-25 NMSA of the budget adjustment procedures to provide that a budget adjustment request (BAR) to increase funds pursuant an emergency or disaster declaration made by executive order is exempt from the required 10-day waiting period.
Significant Issues
Although not provided by law, the LFC director does authorize waivers of the 10-day waiting period if justified.
RELATIONSHIP
House Bill 538, introduced by the same sponsor, also exempts budget increases resulting for an emergency or disaster declared by the governor in an executive order. Section 6-3-25 NMSA 1978 is further amended to define "emergency or disaster event" as one that "threatens loss of life, threatens loss of property, or warrants the protections of the state's critical infrastructure".
DKB/prr