[1] NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

 

Only the most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website.  The Adobe PDF version includes all attachments, whereas the HTML version does not.  Previously issued FIRs and attachments may be obtained from the LFC’s office in Suite 101 of the State Capitol Building North.

 

 

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

 

 

 

SPONSOR:

Campos

 

DATE TYPED:

02/08/02

 

HB

 

 

SHORT TITLE:

Traveling American West Art Exhibit

 

SB

407

 

 

ANALYST:

J. Sandoval

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$25.0

 

 

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 
LFC files

 

Responses Received From

Office of Cultural Affairs

 

No Response

The Department of Finance and Administration

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 407 appropriates $25.0 from the general fund to the Local government Division of the Department of Finance and Administration for the purpose of contracting for a traveling exhibition of art of the American West in Ruidoso, in Lincoln County.

 

     Significant Issues

 

According to the Office of Cultural Affairs, this bill does not explain where the exhibition originates, or where it will be installed -- whether in a state facility, or at a private location.

 

FISCAL IMPLICATIONS

 

The appropriation of $25.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY03 shall revert to the general fund.

 

ADMINISTRATIVE IMPLICATIONS

None reported.

 

POSSIBLE QUESTIONS

  1. Where will this exhibit be displayed?
  2. Is this exhibit already in existence?
  3. What are the art exhibits and who are the artists?
  4. What is the purpose of this traveling exhibit?

 

JFS/njw

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