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.

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

No Agency Analysis Provided

SUMMARY

Synopsis of HAFC Amendment

The House Appropriations and Finance Committee amendment clarifies that the fifteen dollar administrative fee charged to those receiving the special retired National Guard plates is in addition to the fee required in Section 66-6-2 NMSA 1978, which stipulates passenger vehicle registration fees.

Synopsis of SCORC Amendment

The Senate Corporations and Transportation Committee amendment to Senate Bill 740 adds technical changes to the language to clarify that distinctive registration plates will be issued to any person who is retired from the New Mexico National Guard

Synopsis of Original Bill

Senate Bill 740 provides that special vehicle registration plates be available for retired members of the National Guard. The bill provides that the retired members would be assessed an administration fee of fifteen dollars annually ($15.00).

Significant Issues

Currently, statute allows for special vehicle registration plates only for current, active members of the National Guard at no cost.

FISCAL IMPLICATIONS

There is no appropriation or significant fiscal implication associated with this bill.

MW/njw