NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.

Only the most recent FIR version, excluding attachments, is available on the Internet/Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.

(Parenthesis ( ) Indicate Expenditure Decreases)

Conflicts with SB374 and HB394; Duplicates HB588

SOURCES OF INFORMATION

Public Regulation Commission (PRC)

Commission on Higher Education (CHE)

Attorney General's Office (AG)

SUMMARY

Synopsis of SCORC Amendments

The Senate Corporations and Transportation Committee amendments to SB569 specify that when the PRC determines a commercial mobile radio services provider qualifies as an eligible telecommunications carrier pursuant to federal law, the PRC shall apply the surcharge to end-user retail public telecommunications services provided in the state by that carrier.

Synopsis of Bill

Senate Bill 569, the State Universal Service Fund Act, would create a new universal service fund while repealing the former New Mexico universal service fund and transferring the fund balances to the new fund on July 1, 1999. The PRC would implement the provisions of the Act by January 1, 2000.

Significant Issues

The attached analysis by the AG adequately describes issues associated with this legislation.

RAE/gm

Attachment