NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.





F I S C A L I M P A C T R E P O R T





SPONSOR: HGUAC DATE TYPED: 03/04/99 HB 880/HGUACS
SHORT TITLE: Expand "Qualifying Entity" SB
ANALYST: Hadwiger


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY99 FY2000 FY99 FY2000
NFI



(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicates/Conflicts with/Companion to/Relates to



SOURCES OF INFORMATION



LFC Files



SUMMARY



Synopsis of Bill



The bill would add "a facility for the direct sales by growers of agricultural products, commonly known as farmers' markets" to the list of qualifying entities under the Local Economic Development Act (Sections 5-10-1 through 5-10-13 NMSA 1978).



Significant Issues



The bill would allow facilities for farmers' markets to receive direct or indirect assistance from local or regional governments as economic development projects.



DH/njw