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	Williams		DATE TYPED	2/1/04		HB	236
SHORT TITLE		Fort Stanton Development Commission				SB
					ANALYST		Collard

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)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Economic Development Department

Energy, Minerals and Natural Resources Department – State Parks Division

SUMMARY

Synopsis of Bill

House Bill 236 appropriates $75 thousand from the general fund to the Economic Development Department for the Fort Stanton Development Commission for the purpose of administering the Fort Stanton facility.

FISCAL IMPLICATIONS

The appropriation of $75 thousand contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY05 shall not revert to the general fund.

ADMINISTRATIVE IMPLICATIONS

The Energy, Minerals and Natural Resources Department indicates this funding will allow the commission to perform its duties and powers of crafting a long-term strategy for the protection and management of Fort Stanton. The Economic Development Department indicates the cost for rehabilitating the buildings at the facility are estimated at over $1 million.

OTHER SUBSTANTIVE ISSUES

The Economic Development Department indicates the General Services Department facilitated the development of a $50 thousand master plan proposal, financed with federal funds. The proposal suggests a mixed use tourism/convention facility administered possibly by the Tourism Department.

KBC/lg