Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
if they are used for other purposes.
Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).
Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and
attachments may be obtained from the LFC 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 Varela
ORIGINAL DATE
LAST UPDATED
2/14/07
HB 1165
SHORT TITLE
Santa Fe 400
th
Anniversary Celebration
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$200.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates HB 1182 and SB 992. Relates to HJM 45
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Tourism Department (NMTD)
SUMMARY
Synopsis of Bill
House Bill 1165 appropriates $200.0 from the General Fund to the Local Government Division
of the Department of Finance and Administration for expenditure in FY08 to plan and promote a
celebration recognizing the four-hundred-year anniversary of the founding of Santa Fe.
FISCAL IMPLICATIONS
The appropriation of $200.0 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the
General Fund.
SIGNIFICANT ISSUES
The Department of Tourism reports that promoting the 400 year anniversary of Santa Fe allows
New Mexico Tourism Department (NMTD) to expand upon its agency mission of marketing