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.

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to Appropriation in The General Appropriation Act (See Fiscal Impact)

Conflicts with HB 83, 225, 268 and SB 100.

SOURCES OF INFORMATION

LFC Files

New Mexico Veterans' Service Commission

SUMMARY

Synopsis of Bill

The bill appropriates $140.0 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 $140.0 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.

CONFLICT/DUPLICATION

HB204 conflicts HB 83, HB225, and HB 268.

GAC/njw:ar