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F I S C A L I M P A C T R E P O R T
SPONSOR Stell
DATE TYPED 2/21/05
HB 803
SHORT TITLE Natural Resource Revenue Recovery Task Force
SB
ANALYST Aguilar
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$150.0
Indeterminate Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Commissioner of Public Lands (SLO)
SUMMARY
Synopsis of Bill
House Bill 803 appropriates $150 thousand to the State Land Office from the general fund to
carry out the duties of the natural resource revenue recovery task force.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall revert
to the general fund.
HB 803 declares an emergency.
Significant Issues
The natural resource revenue recovery task force was established by the 2003 legislature. The
task force is charged with the review and analysis of historic and current prices received by pro-
ducers and to review and evaluate federal laws affecting agriculture and extraction industries.
Those laws include the Agriculture Adjustment Act and the National Industrial Recovery Act.
Further, the task force is charged with assessing the relationship of those federal laws with the
Treaty of Guadalupe Hidalgo, Kearny’s Code and Private Property Rights. Upon review, the task
force is directed to define the economic impact of the laws and recommend to the legislature