Master FIR (1988)

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

SPONSOR:	Sandel		DATE TYPED:	02/22/99		HB	HJR 10
SHORT TITLE:		Sell Retiree Health Care Authority Property				SB
					ANALYST:		Carrillo

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY99	FY2000	FY99	FY2000	Recurring or Non-Rec	Fund Affected

(Parenthesis ( ) Indicate Expenditure Decreases)

REVENUE

Estimated Revenue		Subsequent Years Impact	Recurring or Non-Rec	Fund Affected
FY99	FY2000	Subsequent Years Impact	Recurring or Non-Rec	Fund Affected
	$ 322.0	$ 0.0	Non-rec	Retiree Health Care Fund

(Parenthesis ( ) Indicate Revenue Decreases)

Duplicates/Conflicts with/Companion to/Relates to

SOURCES OF INFORMATION

Retiree Health Care Authority

LFC Files

SUMMARY

Synopsis of Bill

House Joint Resolution 10 proposes to allow the Retiree Health Care Authority (RHCA) to sell the property once used as its office complex. The property is located at 625 Don Gaspar Avenue in Santa Fe.

Significant Issues

The RHCA received legislative authorization to purchase the property in 1993. The RHCA has outgrown the complex and is currently leasing office space. The Don Gaspar office complex is currently leased to the Attorney General's Office ($1,000 per month plus utilities, insurance, upkeep, and maintenance).

FISCAL IMPLICATIONS

On July 10, 1996, the Don Gaspar office complex had an appraised value of $322.0. Should HJR 10 pass, the RHCA would use the proceeds for either the purchase or construction of an office complex.

WJC/njw