Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us). Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and attachments may also be obtained from the LFC 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	Moore		DATE TYPED	1/28/04		HB	144
SHORT TITLE		Raise Public Works Art Acquisition Threshold				SB
					ANALYST		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
			NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Response Received From

Cultural Affairs Department (CAD)

SUMMARY

Synopsis of Bill

House Bill 144 increases the construction project appropriation threshold in the Art in Public Places Act from $100 thousand to $250 thousand. It also strikes the requirement that the Arts Division of the Cultural Affairs Department (CAD) consult with contracting agencies when purchasing art for existing public buildings.

Significant Issues

Currently, art must be commissioned or purchased as a part of construction or renovation projects when appropriations exceed $100 thousand, at a rate of 1% of total appropriations up to a maximum of $200 thousand.

This bill would make slightly less funding available for artists who apply for projects through the Art in Public Places program. The New Mexico Arts Division would also no longer be required to consult with contracting agencies when art is purchased for existing public buildings.

FISCAL IMPLICATIONS

One percent of appropriations for projects between $100 thousand and $250 thousand would be available for actual construction costs, whereas no funding would be set aside for art in accordance with the Art in Public Places Act.

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