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	Rodriguez		DATE TYPED	01/28/04		HB
SHORT TITLE		Santa Fe Junior Wrestling Team				SB	284
					ANALYST		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$75.0			Non-Rec	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

No Response Received From

Department of Finance and Administration (DFA)

SUMMARY

Synopsis of Bill

Senate Bill 284 appropriates $75 thousand from the general fund to the Local Government Division of the Department of Finance and Administration (DFA) for expenditure in fiscal year 2005, to pay for expenses of the Santa Fe junior wrestling team for the Grand National Tournament.

FISCAL IMPLICATIONS

The appropriation of $75.0 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.

ADMINISTRATIVE IMPLICATIONS

The Local Government Division of DFA is charged with administering and distributing these funds.

RLG/njw