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

 

 

 

SPONSOR:

Nunez

 

DATE TYPED:

02/19/03

 

HB

828

 

SHORT TITLE:

Natural Resource Revenue Recovery Task Force

 

SB

 

 

 

ANALYST:

Valenzuela

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$100.0

 

 

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

 

Duplicates House Bill 452 and Senate Bill 401

 

SOURCES OF INFORMATION

 

Energy, Minerals and Natural Resources Department

State Land Office

Department of Game and Fish

New Mexico Department of Agriculture

New Mexico Organic Commodity Commission

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 828 appropriates $100.0 from the general fund to State Land Office for the purpose of to pay for the operations of the newly-created natural resource revenue task force. The bill details the task force membership and duties.

 

     Significant Issues

 

Many federal laws related to federal land management, federal water management, and Endangered Species Act implementation have consequences to agriculture, extractive industries, and rural economies in New Mexico.  The task force would look at several federal laws (Agricultural


Adjustment Act and the National Industrial Recovery Act) and the Treaty of Guadalupe of Hidalgo specifically to determine if their objectives are being met with regard to managing public lands for multiple use and fostering timber harvest among others.  

 

The task force would study the effects of federal laws on the rural economy and make policy recommendations regarding a myriad of issues such as: agricultural production and commodity prices; preservation of grazing and water rights; extractive industries; rural economic development; public land management; and the relationship between various laws and treaties affecting rural industries. 

 

FISCAL IMPLICATIONS

 

The appropriation of $100.0 contained in this bill is a 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.

 

MFV/njw