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

SPONSOR:	Maes		DATE TYPED:	02/02/01		HB
SHORT TITLE:		Promote NM in Domestic/International Markets				SB	247
					ANALYST:		Woodlee

APPROPRIATION

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY01

FY02

FY01

FY02

$ 3,000.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

Economic Development Department

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 247 appropriates $3,000.0 from the general fund to the Economic Development Department to promote the state of New Mexico in domestic and international markets.

Significant Issues

Currently, the agency has $450.0 in the base budget for marketing purposes. This appropriation would increase that line-item by over 600 percent. The agency did not request the funds in the base budget as an expansion, but as a "new initiative." It is unclear if the agency has determined any performance measurements in relation to this appropriation.

FISCAL IMPLICATIONS

The appropriation of $3,000.0 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.

MW/njw