Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance

committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports

if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).

Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and

attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.

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

SPONSOR Moore

ORIGINAL DATE

LAST UPDATED

01/25/06

HB 305

SHORT TITLE Local Governments Road Fund

SB

ANALYST Moser

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

10,000.0 Non-Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

NM Department of Transportation (NMDOT)

SUMMARY

Synopsis of Bill

House Bill 305 appropriates ten million dollars ($10,000,000) from the General Fund to the local

government’s road fund (LGRF) for the purpose of constructing or improving local government

highways, streets, school bus routes and related facilities.

FISCAL IMPLICATIONS

The appropriation of ten million dollars ($10,000,000) contained in this bill is a non-recurring

expense to the general fund. Any unexpended or unencumbered balance remaining at the end of

FY07 shall revert to the General Fund.

SIGNIFICANT ISSUES

The NMDOT indicates that the LGRF receives on average $21.5 Million per fiscal year. This

appropriation will add to this amount for use by local governments pursuant to existing law (Sec-

tion 67-3-28.2 NMSA 1978) and procedures established by the New Mexico Department of

Transportation. The appropriation will increase the number of local government projects funded

through the Local Governments Road Fund.

GM/mt:yr