STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. - PDF document

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL The Consumer Settlement Fund is nearly depleted. This graph illustrates the sever depletion of this fund in just the past four years. The consumer settlement fund needs time to be able to replenish the balance and use of its funds. TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL Historically, consumer settlement revenues were not a major source of funds for the Office of the Attorney General operating budget. It was in fiscal year 2011 that consumer settlement funds began to be used for the operating budget in a substantial way. TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL Consumer fund revenues are based on lawsuits and are therefore inherently volatile. Some lawsuits do not even result in revenues to the consumer fund. Instead, they provide restitution to New Mexican families and consumers, or directly to the State. TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL Consumer Fund Appropriations $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2010 2011 2012 2013 2014 2015 2016 2017 OAG Legal Services OAG Special Appropriations Other Agencies Capital Projects Consumer funds have been appropriated for a variety of purposes, including defraying General Fund support for the Office of the Attorney General, special session fund balance “sweep”, special appropriations for the office and other agencies, and capital outlay. TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501

STATE OF NEW MEXICO OFFICE OF THE ATTORNEY GENERAL HECTOR H. BALDERAS ATTORNEY GENERAL Overview of Annual Consumer Settlement Fund Revenues Dollar Range Number FY08 to FY17 Typical Year Below $5 million 6 High Year $5 to $15 million 3 Very High Year Above $15 million 1 Consumer Settlement Fund Revenues in the Current Administration FY16: $4.69 million FY 17: $3.96 million FY 18 estimate: $3.00 million TELEPHONE: (505) 490-4060• FAX: (505) 490-4883• www.nmag.gov MAILING ADDRESS: P.O. BOX 1508•SANTA FE, NEW MEXICO 87504-1508 STREET ADDRESS: 408 GALISTEO STREET•SANTA FE, NEW MEXICO 87501