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	JP Taylor		DATE TYPED	2/4/04		HB	311
SHORT TITLE		Three NM Artists at Fine Arts Museum				SB
					ANALYST		Johnson

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05	Recurring or Non-Rec	Fund Affected
	$120.0			Non-recurring	GF

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

No Response Received From

Office of Cultural Affairs

SUMMARY

Synopsis of Bill

House Bill 311 appropriates $120,000.00 from the general fund to the office of cultural affairs for the purpose of funding an exhibit of the works of three prominent New Mexico artists, Agnes Martin, Maria Martinez and Florence Pierce, at the museum of fine arts that will then travel on a nationwide tour.

FISCAL IMPLICATIONS

The appropriation of $120.0 contained in this bill is a non-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.

CJJ/prr