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

 

 

 

SPONSOR:

King

 

DATE TYPED:

02/08/02

 

HB

HJM 92

 

SHORT TITLE:

Preserve Schaefer Hotel

 

SB

 

 

 

ANALYST:

Gonzales

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

 

 

See Narrative

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

                                                                                                                                                           

 

SOURCES OF INFORMATION

 

LFC Files

 

Responses Received From

Tourism Department

 

Responses Not Received From

Office of Cultural Affairs (OCA)

State Highway and Transportation Department (SHTD)

 

SUMMARY

 

     Synopsis of Bill

 

House Joint Memorial 92 requests the Office of Cultural Affairs, the Tourism Department and the State Highway and Transportation Department to undertake a study to determine the feasibility of restoring and preserving the Schaefer hotel, located in Mountainair, for public and private use.  The memorial also requests that the findings of the study be reported to the appropriate legislative interim committee that reviews economic and rural development prior to the forty-sixth legislature.

 

     Significant Issues

 

The Schaefer hotel is currently under foreclosure and is languishing from disuse and may eventually result in the destruction of this historically significant hotel

 

FISCAL IMPLICATIONS

 

This memorial does not provide any funding to conduct the feasibility study.  Any funding would have to come out of the three agencies budgets.

 

ADMINISTRATIVE IMPLICATIONS

 

The Tourism Department states it does not have the staff capabilities to conduct site capability studies.

 

JMG/njw

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