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F I S C A L I M P A C T R E P O R T
SPONSOR B. Lujan
ORIGINAL DATE
LAST UPDATED
2/9/07
HB HJR 8
SHORT TITLE SANTA FE COUNTY PROPERTY SALE
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
General Services Department
SUMMARY
Synopsis of Bill
House Joint Resolution 8 authorizes the Property Control Division (PCD) of the General Ser-
vices Department (GSD) to sell or trade approximately 4.45 acres of land located at the southeast
corner of St. Michael’s Drive at St. Francis Drive in Santa Fe.
.
If the property is traded for another piece of property, both parcels would be appraised by
an appraiser agreeable to PCD, the private owner, and the Property Tax Division (PTD)
of the Taxation and Revenue Department (TRD), with validation by PTD prior to trade.
.
If sold, the property would be appraised by an appraiser selected by PCD and approved
by PTD, with PTD validation prior to sale.
.
Prior to sale or trade, review by the Capitol Buildings Planning Commission (CBPC)
would be required.
SIGNIFICANT ISSUES
GSD notes that HJR 8 supersedes a prior resolution (Laws of 1994, HJR 11) allowing sale of the
property with proceeds to be used in construction of the state Library, Archives and Records
Center in Santa Fe, which was completed several years ago.