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F I S C A L I M P A C T R E P O R T





SPONSOR: Russell DATE TYPED: 01/25/01 HB 225
SHORT TITLE: National World War II Memorial Appropriation SB
ANALYST: Chabot


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 69.0 Non-Recurring GF



(Parenthesis ( ) Indicate Expenditure Decreases)



Relates to Appropriation in The General Appropriation Act (See Fiscal Impact)



Duplicates HB83, 268 and SB100

Conflicts with HB204



SOURCES OF INFORMATION



LFC Files

New Mexico Veterans' Service Commission



SUMMARY



Synopsis of Bill



The bill appropriates $69.0 from the general fund to New Mexico veterans' service commission for the purpose of contributing state funds to the national World War II memorial in Washington, D.C.



Significant Issues



According to VSC, New Mexico is one of only three states who have not made a contribution to the national World War II memorial. Contributions to the memorial come from many sources, federal, state, private individuals, charitable foundations, etc. The goal is to have a contribution from each state equaling one dollar for each veteran who served in World War II. New Mexico had approximately 69,000 veterans who served during the conflict. As a result the expected contribution is $69.0.







FISCAL IMPLICATIONS



The appropriation of $69.0 contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund.



GAC/ar