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

 

 

 

SPONSOR:

Griego

 

DATE TYPED:

02/27/03

 

HB

 

 

SHORT TITLE:

Subdivision & Land Use Impact Studies

 

SB

389

 

 

ANALYST:

Kehoe

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

NFI

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

New Mexico Mortgage Finance Authority (MFA)

Local Government Division (LGD)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 389 amends subdivision regulations to require impact studies before approval of subdivision and land use provisions.

 

     Significant Issues

 

Senate Bill 389 requires the planning authority of a governmental entity to make a factual finding that states what the impact of a proposed regulation, master plan or zoning will have on the cost of construction and the availability and pricing of housing within the areas where the regulation will be in effect.  The bill requires that the factual finding be written and become a part of the enactment of the regulation and that it be based on the information deemed appropriate by the authority.  The bill further requires that a county plan and any changes to a plan must expressly consider and adopt a factual finding concerning the effect of the plan on the estimated increase or decrease in housing construction costs and the availability and pricing of housing within the county.

 

FISCAL IMPLICATIONS

 

It is uncertain what the fiscal impact would be to municipalities and counties who engage in planning, zoning and subdivision regulations or what the fiscal impact would be to land developers or other users of the land.

 

LMK/njw