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

Garcia

DATE TYPED

1/21/04

HB

 

 

SHORT TITLE

Historic Preservation Division Funding

SB

68

 

 

ANALYST

Johnson

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

$125.0

 

 

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates House Bill 30

 

SOURCES OF INFORMATION

 

LFC Files

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 68 appropriates $125,000 from the general fund to the historic preservation division of the office of cultural affairs for the purpose of contracting for the development of educational programs in historic preservation and regionalism. 

 

FISCAL IMPLICATIONS

 

The appropriation of $125.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall revert to the general fund.

 

In FY04, the education outreach program had a total budget of $7,678.7, of which $1,323.4 was for contractual services.

 

CJJ/lg