IDENTIFY AGENCIES FAILING TO MEET STANDARDS

SB 496 requires New Mexico's Legislative Finance Committee to annually identify state agencies that fail to meet performance standards set by the Accountability in Government Act and specified in the prior year's budget law. It directly affects all state agencies subject to these performance standards, mandating the committee to recommend budget reductions for underperforming agencies. The bill establishes a process where agencies must submit budget requests to the committee simultaneously with the Department of Finance and Administration, and the committee must provide these recommendations to lawmakers before each session. This is a procedural bill focused on budget accountability, not creating new agency standards or policies.