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.



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 Suite 101 of the State Capitol Building North.





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





SPONSOR: Salazar DATE TYPED: 03/09/01 HB HJR 30
SHORT TITLE: Sale of Real Property in Rio Arriba County SB
ANALYST: Padilla


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02
See Below



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



LFC Files

State Board of Finance

General Services Department (GSD)



SUMMARY



Synopsis of Bill



House Joint Resolution 30 authorizes GSD's Property Control Division to sell approximately 2.8 acres of state property located near Alcalde in Rio Arriba County to Santa Maria el Mirador. The sale can be for cash or cash equivalent for necessary services provided to the state that are not paid for by state dollars. The resolution requires the State Board of Finance and the Attorney General to approve the sale, including the offer of cash equivalent.



Significant Issues



Santa Maria el Mirador is a private, non-profit organization that provides services to the developmentally disabled. Santa Maria leased this property from the state in 1977. GSD believes there are no known state uses for the property. Sale for cash or cash equivalent would allow Santa Maria to credit toward the purchase price those services it provides that are not allowable for reimbursement.



A new appraisal of the property is being performed to determine fair market value.











FISCAL IMPLICATIONS



This is a joint resolution and contains no appropriation. Cash from the sale that this resolution approves would accrue to the Property Control Reserve Fund and would be subject to legislative appropriation to increase the state's office space in the Santa Fe area.



OTHER SUBSTANTIVE ISSUES



Section 13-6-3 NMSA 1978 requires the legislature to approve any sale of real property of the state valued at $100.0 or more.



At its February 13, 2001 meeting, the State Board of Finance was asked by GSD's Property Control Division to approve the Santa Maria el Mirador sale. The Board asked for an updated appraisal of the property before it will consider the sale.



LP/ar