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F I S C A L I M P A C T R E P O R T
SPONSOR Williams
ORIGINAL DATE
LAST UPDATED
2/26/07
HB HJM 52
SHORT TITLE Study NM Subdivision Act
SB
ANALYST Wilson
ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT (dollars in thousands)
FY07
FY08
FY09 3 Year
Total Cost
Recurring
or Non-Rec
Fund
Affected
Total
$0.1
Non-
Recurring General
Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Joint Memorial 52 requests the New Mexico Legislative Council (LC) to direct the
appropriate interim legislative committee to study the New Mexico Subdivision Act, including
review of the state's statutes relating to exemptions allowed in the act, the transfer of deeds upon
death, tax and assessment obligations and definition of terms.
FISCAL IMPLICATIONS
NFI
SIGNIFICANT ISSUES
New Mexico counties are subject to the provisions of New Mexico Subdivision Act.
Many New Mexico land divisions are being created pursuant to 13 exemptions allowed by the
New Mexico Subdivision Act.
Properties are being divided and subdivisions created without compliance with the provisions of
the New Mexico Subdivision Act through transfer of real property by means of transfers on
death deeds.
Exemptions from the New Mexico Subdivision Act do not currently include a requirement of