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 McSorley

ORIGINAL DATE

LAST UPDATED

1/28/08

HB

SHORT TITLE Identify Fiscal Impact Of Bills Before Intro

SCR 2

ANALYST Haug

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY08

FY09

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Concurrent Resolution proposes that a new joint rule be adopted to read:

During any session of the legislature, a bill that has a fiscal impact on the state, its agencies or

institutions shall clearly identify the amount of the fiscal impact it has on each agency or

institution before the bill can be introduced in either house.

FISCAL IMPLICATIONS

No Fiscal Impact

SIGNIFICANT ISSUES

Legislative Joint Rule 8-1 provides that joint rules may be adopted, amended or repealed by

concurrent resolution approved by two-thirds of the membership of each house.

GH/mt