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

 

 

 

SPONSOR:

Watchman

 

DATE TYPED:

02/02/02

 

HB

436

 

SHORT TITLE:

Mexican Springs Business Development Sites

 

SB

 

 

 

ANALYST:

Weber

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$80.0

 

 

Non-recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 436 appropriates $80.0 from the general fund  to the Office of Indian Affairs for the purpose of  developing a master plan, market survey, conceptual site design, business plan and a financial plan for the community of Mexican Springs in McKinley county.

 

FISCAL IMPLICATIONS

 

The appropriation of $80.0 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 2003 shall revert to the general fund.

 

ADMINISTRATIVE IMPLICATIONS

 

It is not anticipated the Office of Indian Affairs will require additional capacity to administer this function.

 

MW/njw

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