NOTE: As provided in LFC policy, this report is intended 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.
Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.
| SPONSOR: | Kidd | DATE TYPED: | 02/04/00 | HB | |||
| SHORT TITLE: | Water and Sanitation Districts' Notice for Bids | SB | 386 | ||||
| ANALYST: | Pickering | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| NFI | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
Office of the State Engineer / Interstate Stream Commission (OSE/ISC)
SUMMARY
Synopsis of Bill
SB386 amends Section 73-21-16 NMSA 1978 to change the requirement for publication of notice for certain bids by water and sanitation district boards involving construction cost greater than $5.0 which do not receive governmental funding.
Significant Issues
The bill raises the ceiling for publishing bids from $5.0 to $10.0 on construction contracts, except for cases in which a district will receive governmental funding.
RWP/gm