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.

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

SPONSOR Martinez

ORIGINAL DATE

LAST UPDATED

3/20/07

3/30/07 HB 1/aHAFC/aSFl#1

SHORT TITLE Feed Bill

SB

ANALYST Fernandez

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

726.4

Non-Recurring

Cash Balance

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of SFl#1 Amendment

The Senate Floor amendment inserts a new subsection to clarify that legislators shall be paid per

diem only for those calendar days on which the journals of the house and senate show that the

House of Representatives or the Senate was convened in a floor session and that the House or

Senate member was shown as present at the floor session.

Synopsis of HAFC Amendment

House Appropriations and Finance Committee amendment inserts an appropriation for $250.0

for expenditure in fiscal years 2007 and 2008 for technical expertise on tax policy and public

finance, including bond financing, energy markets, real estate finance and other specialized

fields to maintain quality of technical, economic and financial support on issues important to the

Legislature.

This is similar to the appropriation vetoed from Laws 2007, Chapter 28, Section 4 (House Bill

2).

Synopsis of Original Bill

House Bill 1 appropriates $476.4 from legislative cash balances for the expenses of the First

Special Session of the Forty-Eighth Legislature.

House Bill 1/aHAFC/aSFl#1 – Page

2

FISCAL IMPLICATIONS

The appropriation of $726.4 million contained in this bill for the First Special Session of the

Forty-Eighth Legislature is a nonrecurring expense from legislative cash balances.

FISCAL YEAR 2007

Nonrecurring Cash

House of Representatives

237.4

Senate

146.0

Legislative Council Service

93.0

Legislative Finance Committee

250.0

Total

726.4

Other appropriations from legislative cash balances include the following: $478.9 for the

legislative information system in Laws 2007, Chapter 1 (House Bill 1); $100.0 for the continued

development required for the extensible markup language database, $100.0 to repair and replace

the sound system in the House chamber, $538.2 to replace obsolete electrical dimming systems

in the chambers, committee rooms etc. all included in Laws 2007, Chapter 28, Section 5;

$1,000.0 for renovations of capitol north in House Bill 1137 (awaiting governor’s action) and

$100.0 for a study of the Retiree Health Care Fund in House Bill 728 (awaiting governor’s

action). According to Legislative Council Service, cash balance remaining after the $726.4

appropriation contained in this bill, other signed bills and in other bills awaiting governor’s

action is $54.7.

This bill carries an emergency clause.

CTF/mt:csd