The bill amends Section 2-5-4 of the New Mexico Statutes to enhance the responsibilities of the Legislative Finance Committee. It mandates that the committee not only review budgets and appropriations but also specifically identify agencies that have not met established performance standards. In doing so, the committee is required to recommend budget reductions for those underperforming agencies.

Additionally, the bill introduces a new requirement for the Legislative Finance Committee to provide its budget recommendations to both the Senate Finance Committee and the House Appropriations and Finance Committee, as well as to any other members of the legislature who request it. It also stipulates that a copy of these recommendations must be sent to the governor and the Department of Finance and Administration. This legislative change aims to improve accountability and efficiency within state agencies by linking budgetary decisions to performance outcomes.

Statutes affected:
introduced version: 2-5-4