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





SPONSOR: Taylor, JP DATE TYPED: 02/21/01 HB 429
SHORT TITLE: Grants-in-Aid for Local Library Services SB
ANALYST: Rael


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02
$ 500.0 Recurring GF



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Office of Cultural Affairs (OCA)



SUMMARY



Synopsis of Bill



The Grants-in-Aid for Local Library Services bill appropriates $500.0 from the general fund to the Office of Cultural Affairs for the purpose of providing grants-in-aid for local library services throughout New Mexico.



FISCAL IMPLICATIONS



The appropriation of $500.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY2002 shall revert to the general fund.



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