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| SPONSOR: | Carraro | DATE TYPED: | 05/10/99 | HB | |||
| SHORT TITLE: | Petroglyph Land Acquisition Costs | SB | 34 | ||||
| ANALYST: | Valenzuela | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| $ 6,000.0 | Non-recurring | General Fund | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC files
SUMMARY
Synopsis of Bill
Senate Bill 34 appropriates $6 million from the general fund to the Department of Finance and Administration (DFA) for expenditure in fiscal years 1999 and 2000 to pay the settlement costs of D.W. Falls Investments v. State of New Mexico and the costs related to the acquisition of the remaining private property taken by the state within the boundaries of the Petroglyph National Monument.
Significant Issues
Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund. Senate Bill 34 carries an emergency clause.
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