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





SPONSOR: Aragon DATE TYPED: 2/21/01 HB
SHORT TITLE: Entertainment-Related Scholarships SB 514
ANALYST: Rael


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 100.0 Nonrecurring GF



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Office of Cultural Affairs (OCA)



SUMMARY



Synopsis of Bill



The Entertainment-Related Scholarships bill appropriates $100.0 from the GENERAL FUND to the Office of Cultural Affairs for the purpose of contracting with the New Mexico Hispano entertainers association to identify students worthy of entertainment-related scholarships.



FISCAL IMPLICATIONS



The appropriation of $100.0 contained in this bill is a NON-RECURRING expense to the GENERAL FUND. Any unexpended or unencumbered balance remaining at the end of FY 2002 shall revert to the GENERAL FUND.



ADMINISTRATIVE IMPLICATIONS



This bill would require an RFP process to be administered by the Office of Cultural Affairs as is required by the state procurement process and the anti-donation laws. This process would require staff time to develop an RFP, publication of an RFP and review and selection of eligible submissions.

FAR/njw