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





SPONSOR: Macko DATE TYPED: 5/7/99 HB 32
SHORT TITLE: Petroglyph Land Acquisition Costs SB
ANALYST: Valenzuela


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY99 FY2000 FY99 FY2000
$ 6,000.0 Non-recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)





SOURCES OF INFORMATION



LFC files



SUMMARY



Synopsis of Bill



House Bill 32 appropriates $6 million from the general fund to the Department of Finance and Administration (DFA) for expenditure in fiscal years 1999 and 2000 to pay the settlement costs of D.W. Falls Investments v. State of New Mexico and the costs related to the acquisition of the remaining private property taken by the state within the boundaries of the Petroglyph National Monument.



Significant Issues



Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund. House Bill 32 carries an emergency clause.



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