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

 

 

 

SPONSOR:

Trujillo

 

DATE TYPED:

03/03/03

 

HB

710

 

SHORT TITLE:

Enhance State Housing & Community Development

 

SB

 

 

 

ANALYST:

Kehoe

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$30.0

 

 

Non-Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

New Mexico Mortgage Finance Authority (MFA)

Local Government Division (LGD)

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 710 appropriates $30.0 from the general fund to the Department of Finance and Administration for the purpose of contracting with the New Mexico Mortgage Finance Authority (MFA) for the Authority to purchase training services statewide to enhance the skills and abilities of the state’s housing and community development entities.

 

     Significant Issues

 

House Bill 710 requires MFA to purchase training services to enhance the skills and abilities of the state’s housing and community development entities.  As the state’s designated housing authority, MFA currently has the ability to provide such training services with current staff or to collaborate for training with the U. S. Department of Housing and Urban Development.  This bill could provide additional services to provide more efficient and effective services and could enhance the collective capacity of the existing training available.

 

FISCAL IMPLICATIONS

 

The appropriation of $30.0 contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2004 shall revert to the general fund. 

 

LMK/yr/njw