0001| HOUSE BILL 163 | 0002| 43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998 | 0003| INTRODUCED BY | 0004| GARY K. KING | 0005| | 0006| | 0007| | 0008| FOR THE REGULATION COMMISSION REORGANIZATION COMMITTEE | 0009| | 0010| AN ACT | 0011| MAKING AN APPROPRIATION TO THE DEPARTMENT OF FINANCE AND | 0012| ADMINISTRATION TO PAY TRANSITION COSTS OF ESTABLISHING THE | 0013| PUBLIC REGULATION COMMISSION; DECLARING AN EMERGENCY. | 0014| | 0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0016| Section 1. APPROPRIATION.--Five hundred thousand dollars | 0017| ($500,000) is appropriated from the general fund to the | 0018| department of finance and administration for expenditure in | 0019| fiscal years 1998 and 1999 to pay the necessary expenses to | 0020| establish the public regulation commission on January 1, 1999. | 0021| This appropriation shall be expended pursuant to a transition | 0022| plan approved by a transition team appointed by the secretary | 0023| of finance and administration after consultation with the | 0024| state corporation commission, the New Mexico public utility | 0025| commission and the legislative finance committee. The | - 1 - 0001| transition team shall include staff members from the two | 0002| commissions and people from other state agencies or the | 0003| private sector who have expertise in finance and budget, | 0004| computer systems and other fields pertinent to the merger. | 0005| Members of the transition team shall serve without | 0006| compensation or reimbursement. None of this appropriation | 0007| shall be used for administrative costs of the department of | 0008| finance and administration. Any unexpended or unencumbered | 0009| balance remaining at the end of fiscal year 1999 shall revert | 0010| to the general fund. | 0011| Section 2. EMERGENCY.--It is necessary for the public | 0012| peace, health and safety that this act take effect | 0013| immediately. | 0014| - 2 - |