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.



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



SPONSOR: Taylor, J. G. DATE TYPED: 02/02/99 HB 6/aHGUAC
SHORT TITLE: State Fair Commission Appropriations Act SB
ANALYST: Gonzales


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY00 FY01 FY00 FY01
$ 14,185.4 Recurring State Fair



(Parenthesis ( ) Indicate Expenditure Decreases)



Relates to HB2 and SB 2



SOURCES OF INFORMATION



LFC Files



SUMMARY



     Synopsis of Amendment



The amendment adds $60.0 and 1 FTE for a general counsel position.



Synopsis of Bill



This bill establishes the LFC recommendation for the FY2001 appropriation for the New Mexico State Fair (Fair). The Fair's operating budget is established through revenues the Fair derives from admission fees, concessions, parking, horse racing, carnival, lease of facilities, gaming, and other self-generated sources from other events. The appropriation includes approximately $500.0 in revenues from gaming.



FISCAL IMPLICATIONS



The budget established in this bill increases the authorized FTE by 7.5 from the current operating level to account for the actual number of authorized positions needed by the Fair.



RELATIONSHIP

This bill relates to House Bill 2 and Senate Bill 2.



JMG/njw