This bill amends Section 2-5-4 of the NMSA 1978 to enhance the responsibilities of the Legislative Finance Committee. It mandates the committee to not only review budgets and appropriations requests but also to identify state agencies that have not met established performance standards. The committee is required to recommend budget reductions for these underperforming agencies, thereby holding them accountable for their performance.

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 specifies 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 fiscal responsibility and ensure that state agencies are meeting their performance goals.

Statutes affected:
introduced version: 2-5-4