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	SPAC		DATE TYPED	2/4/04		HB
SHORT TITLE		Governor’s Council on Film & Media				SB	186/SPACS
					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

Responses Received From

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

The Senate Public Affairs Committee Substitute to Senate Bill 186 changes the name of the New Mexico Film Advisory Board to the Governor’s Council on Film and Media Industries.

Significant Issues

As the film industry rapidly adopts new technologies, the name “film” limits the scope of jobs and services in this field. The new name implemented through this bill better describes the functions of the film advisory board.

FISCAL IMPLICATIONS

SB 186/SPAC is similar to SB 186, except that the $100.0 appropriation has been removed. An appropriation of $100.0 is included in the general appropriation act and the executive budget recommendation for the Governor’s Council on Film and Media Industries.

ADMINISTRATIVE IMPLICATIONS

According to the EDD, this bill will not impact their operations.

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