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

SPONSOR Lujan, B.

ORIGINAL DATE

LAST UPDATED

2/1/06

HB 461

SHORT TITLE Public Employee Benefits Oversight Committee

SB

ANALYST Fernandez

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

50.0

Non-Rec

Cash Balance

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Administrative Office of the Courts (AOC)

Corrections Department (CD)

SUMMARY

Synopsis of Bill

House Bill 461 creates the Public Employee Benefits Oversight Committee, a joint interim

committee, and appropriates $50.0 from legislative cash balances to Legislative Council Service

for expenses associated with the committee.

This bill carries an emergency clause.

FISCAL IMPLICATIONS

The appropriation of $50.0 is appropriated from legislative cash balances to the Legislative

Council Service for expenditure in fiscal years 2006 and 2007 to pay for technical and legal as-

sistance, equipment, supplies, per diem and mileage expenses of the committee.

The appropriation of $50.0 contained in this bill is a nonrecurring expense to legislative cash

balances. Any unexpended or unencumbered balance remaining at the end of 2007 shall revert to

legislative cash balances.

House Bill 461 – Page 2

SIGNIFICANT ISSUES

The Public Employee Benefits Oversight Committee is composed of six members. Three mem-

bers from the House of Representatives shall be appointed by the Speaker of the House, three

members from the Senate shall be appointed by the Senate Committees’ Committee or, if the ap-

pointments are made in the interim, they shall be made by the Pro Tempore of the Senate.

The Public Employee Benefits Oversight Committee shall report findings and recommendations

for consideration of the Legislature. The report and recommended legislation shall be provided

to Legislative Council Service by December 15

th

of each interim.

ADMINISTRATIVE IMPLICATIONS

Legislative Council would provide staff support to the interim committee. Legislative Finance

Committee would also provide staff and assistance as needed.

CTF/nt