[1] NOTE:  As provided in LFC policy, this report is intended only 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.

 

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

 

 

 

SPONSOR:

Sanchez, M

 

DATE TYPED:

2/6/02

 

HB

 

 

SHORT TITLE:

PRC Review of Rules Extension

 

SB

303

 

 

ANALYST:

Valenzuela

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

 

$0.1     See Narrative

Recurring

General Fund

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC files

Public Regulation Commission (PRC)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 303 extends by one year the deadline by which the PRC must revise its rules to reflect changes after the merger of the former State Corporation and Public Utility Commissions.

 

     Significant Issues

 

The agency has not initiated an effort to review its rules. The PRC requested more than $300.0 in general fund in its FY03 budget request to meet this deadline. The General Appropriations Act currently appropriates $867.4 in the contracts category for FY03. 

 

FISCAL IMPLICATIONS

 

Enactment of SB 303 will not have an additional fiscal impact than that already planned for by the agency.

 

 

 

 

 

ADMINISTRATIVE IMPLICATIONS

 

SB 303 will lessen the administrative impact because it will provide additional time to meet the statutory deadline.

 

MFV/njw:ar


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