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F I S C A L I M P A C T R E P O R T
SPONSOR Sanchez, M.
ORIGINAL DATE
LAST UPDATED
2-11-06
HB
SHORT TITLE
VALENCIA COUNTY COURTHOUSE LAND
LEASE
SJR 10
ANALYST Hadwiger
REVENUE (dollars in thousands)
Estimated Revenue
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
FY08
$100.0
Recurring
Property Control
Reserve Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
General Services Department (GSD)
SUMMARY
Synopsis of Bill
Senate Joint Resolution 10 would authorize the General Services Department (GSD) to lease
about ten acres at the southwest corner of state road 314 and Morris Road in Los Lunas to Va-
lencia County for a period not exceeding 99 years to construct a new county courthouse. This
would supersede HJR 16 of the first session of the 47
th
legislature that authorized GSD to lease
land for the new courthouse at the Los Lunas Medical Center.
FISCAL IMPLICATIONS
GSD did not provide an estimate of the revenues to be generated from the proposed lease. Stat-
ute only requires that leases for $100 thousand or more be approved by the legislature, so the fis-
cal impact assumes this as a minimum amount over the life of the lease.
SIGNIFICANT ISSUES
Section 13-6-3 NMSA 1978 requires that any sale, trade or lease for a period exceeding 25 years
in duration of real property belonging to any state agency, which sale, trade or lease shall be for a
consideration of $100 thousand or more, shall be subject to the ratification and approval of the
pg_0002
Senate Joint Resolution 10 Page 2
state legislature prior to the sale, trade or lease becoming effective.
GSD explained that Valencia County has funding to build the new courthouse, and this long-
term lease of state-owned land will allow the project to proceed to construction. The proposed
site has been agreed to by the appropriate state and local governmental entities.
DH/mt