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F I S C A L I M P A C T R E P O R T
SPONSOR Wallace
ORIGINAL DATE
LAST UPDATED
2-10-2007
HB 623
SHORT TITLE National Flute Association Convention
SB
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$25.0 Nonrecurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Cultural Affairs Department (CAD)
SUMMARY
Synopsis of Bill
House Bill 623 appropriates $25 thousand from the general fund to department of Cultural
Affairs for National Flute Association Convention to be held in Bernalillo County at
Albuquerque.
FISCAL IMPLICATIONS
The appropriation of $25 thousand contained in House Bill 623 is a nonrecurring expense to the
General Fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall
revert to the General Fund.
The department has stated that its understanding is that the funding contained in this bill would
augment funds already in place for the event.