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

 

 

 

SPONSOR:

Silva

 

DATE TYPED:

02/04/02

 

HB

331

 

SHORT TITLE:

Rural Transit Assistance Program

 

SB

 

 

 

ANALYST:

Gilbert

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$               83.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC Files

 

Response Received From

New Mexico State Highway

Transportation Department (NMSHTD)

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 331 appropriates $83.0 to the State Highway and Transportation Department (NMSHTD) from the General Fund. This appropriation is intended to match the current Rural Transit Assistance Program federal funds.

 

Significant Issues

 

Passage of this bill will result in additional funding to train §5310 Disabled and Elderly, and §5311 Public Rural Transportation sub recipients in compliance with Federal Transit Administration Regulations.

 

FISCAL IMPLICATIONS

 

The appropriation of $83.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY03 shall revert to the general fund.

RLG/njw


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