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	Lundstrum		DATE TYPED	1/31/04		HB	222
SHORT TITLE		Film Advisory Board				SB
					ANALYST		Gilbert

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: SB 186

SOURCES OF INFORMATION

LFC Files

Responses Received From

New Mexico Tourism Department (NMTD)

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

House Bill 222 appropriates $75 thousand to the Economic Development Department (EDD) to finance the operations of the film advisory board.

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.

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

SB 186 changes the name of the New Mexico Film Advisory Board to the Governor’s Council on Film and Media Industries. SB 186 also appropriates $100 thousand from the general fund to the Economic Development Department (EDD) for the Governor’s Council on Film and Media industries.

OTHER SUBSTANTIVE ISSUES

According to the Department of Tourism, studies have shown that many visitors to New Mexico come because of the State’s beautiful scenery. Studies have also shown that people often travel to see the places where films were made. New Mexico enjoyed its highest annual number of visitors in the year following the release of the film City Slickers II.

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