cored materi [bescketed-materiel] = delete 10 u 12 13 4 15 16 7 18 19 20 21 22 23 24 25 AC) BBER bill, as approved by NM Legislature, 2019 SENATE BILL 482 54TH LEGISLATURE - STATE OF NEW MEXICO - First SESSION, 2019 INTRODUCED BY Linda M. Lopez aN ACT RELATING TO ECONOMICS; TASKING THE UNIVERSITY OF NEW MEXICO BUREAU OF BUSINESS AND ECONOMIC RESEARCH WITH EVALUATING THE FISCAL IMPACT ON VARIOUS GOVERNMENTAL ENTITIES OF THE PROPOSED SANTOLINA DEVELOPMENT IN BERNALILLO COUNTY; MAKING AN APPROPRIATION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. TEMPORARY PROVISION--BUREAU OF BUSINESS AND ECONOMIC RESEARCE--FLSCAL IMPACT EVALUATION.-- A. The university of New Mexico bureau of business and economic research shall conduct an evaluation of all past, present and reasonably foreseeable future fiscal impacts of the Proposed Santolina development in Bernalillo county on: (1) New Mexico state government; (2) Albuquerque city government; +213076.2erjal = new [brecketed-matertetl] = delete re 1 2 13. Mu 15 16 7 18 ct) 20 21 22 23 26 25 (3) the Albuquerque metropolitan arroyo fleed control authority; (4) the Albuquerque public school districts (5) the Albuquerque-Bernalillo county water utility authority; and (6) Bernalillo county government. - The evaluation shall analyze the fiscal impact on the entities Listed in Subsection A of this section with regard t¢ (1) system infrastructure, including parke, recreational facilities, roads, sidewalke and ctrootes (@) project infrastructure, including parko, recreational facilities, roads, sidewalks and streets; (2) utilities, including electricity, gas, sewage and water utilities; and (4) schools and other public facilities and associated infrastructure. - ©. Upon completion of the evaluation, the university of New Mexico bureau of business and economic research shall present a report to the interim legislative committees tasked with studying economic development and water issues. The bureau of business and economic research shall additionally makes its report available to members of the public. D. For the purposes of this section, "fiscal +213076.2[buecketed-metertat] = delete 10 ul 12 13 14 19 16 7 18 19 20 an 22 23 24 impact" means the impact on a governmental entity by virtue of the governmental entity: (Q) making a payment of anything of value to a private entity or promising to make a payment of anything of value to a private entity; or (2) forgiving a tax or other liability owed to the governmental entity by a private entity or promising to ‘forgive a tex or other Liability owed to the governmental entity by a private entity. SECTION 2. APPROPRIATION.--One hundred thousand dollars ($100,000) 1s appropriated from the general fund to the board Of regents of the university of New Mexico for expenditure in fiseal year 2020 for the bureau of business and economic research to evaluate the fiscal impact on state and local governments of the proposed Santolina development in Bernalillo county. Any unexpended or unencumbered balence remaining at the end of fiscal year 2020 shall revert to the general fund. = Bie +213076.2