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

Varela

DATE TYPED

1/27/04

HB

69

 

SHORT TITLE

Children’s Performing Arts Program

SB

 

 

 

ANALYST

Johnson

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

$75.0

 

 

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Relates to Appropriation in the General Appropriation Act

 

SOURCES OF INFORMATION

 

LFC Files

 

Response Received From

Office of Cultural Affairs

 

SUMMARY

 

Synopsis of Bill

 

House Bill 69 appropriates $75 thousand from the general fund to the office of cultural affairs for expenditure in fiscal year 2005 to contract for children’s performing arts program services with a nonprofit performing arts program that annually performs at least five plays by and for children.

 

FISCAL IMPLICATIONS

 

The appropriation of $75.0 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. 

 

 

 

 

 

ADMINISTRATIVE IMPLICATIONS

 

New Mexico Arts Division allocates funds to nonprofit arts organizations, including children’s performing arts programs.  In FY04, the Preservation, Arts and Library Services program was allocated $4,957.5 from the general fund.  The office of cultural affairs estimates that, of this amount, $44.0 thousand dollars will be used to fund children’s performing arts programs statewide.  This bill would significantly increase the general fund dollars allocated through the Art’s Division’s arts services contracts for children’s performing arts programs. 

 

CJJ/lg