NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.





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





SPONSOR: Taylor, J.P. DATE TYPED: 02/28/01 HB 268/aHAFC
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 General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicates HB83, 268, and 225

Conflict with HB204



SOURCES OF INFORMATION



LFC Files

New Mexico Veterans' Service Commission



SUMMARY



Synopsis of the HAFC Amendment



The House Appropriation and Finance Committee amendment decreases New Mexico's contribution to the national World War II memorial in Washington, D.C. from $100.0 to $69.0. The recommended contribution from each state is one dollar for each veteran from the state servicing during World War II. The estimate is that there were 69,000 veterans from New Mexico. This amendment would appropriate the recommended amount.



Synopsis of Original 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