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.
| SPONSOR: | Thompson | DATE TYPED: | 1/28/00 | HB | 271 | ||
| SHORT TITLE: | Sandoval County Anne Frank Exhibit | SB | |||||
| ANALYST: | Baca | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| $ 40.0 | Recurring | GF | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Bill 271 appropriates $40.0 from the general fund to SDE for expenditure in fiscal year 2000 to support educational programming for an exhibit in Sandoval County that depicts the life of Anne Frank. The bill contains an emergency clause.
Significant Issues
The appropriation is for fiscal year 2000. If the provisions of the bill become effective immediately upon being signed by the Governor, it is questionable whether the can funds be expended prior to the end of fiscal year 2000 (June 30, 2000).
FISCAL IMPLICATIONS
The $40.0 appropriation from the general fund is to be expended in fiscal year 2000. Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund.
POSSIBLE QUESTION
Would it be prudent to amend the bill to allow expenditure of the appropriation in fiscal years 2000 and 2001?
LB/prr:gm