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





SPONSOR: Robinson DATE TYPED: 02/02/01 HB
SHORT TITLE: Promote NM For Out-of-State Film Productions SB 226
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 60.0 Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Economic Development Department

LFC Files



SUMMARY



Synopsis of Bill



Senate Bill 226 appropriates $60.0 from the general fund to the New Mexico Film Division of the Economic Development Department for the purpose of promoting New Mexico as a location for out-of-state motion picture production companies.



Significant Issues



The bill would add resources to the current efforts of the Film Division to market New Mexico as a film location to the critical motion picture market, found primarily in Los Angeles, California. According to the agency, the appropriation contained in the bill would allow the office to execute promotional opportunities that directly introduce New Mexico's financial incentives, communities, tribes, and production resources to the film community. In addition, the agency indicates the funds could also be used for a promotional/trade event that could link New Mexican's assets and human resources directly with that of the film community.



FISCAL IMPLICATIONS



The appropriation of $60.0 contained in this bill is a 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.



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