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 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

Romero

DATE TYPED

2/7/04

HB

 

 

SHORT TITLE

Create NM Chronological Political History

SB

489

 

 

ANALYST

Johnson

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

 

 

$20.0

 

 

Non-recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

LFC Files

 

Response Received From

Office of Cultural Affairs

 

No Response Received From

State Commission on Public Records

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 489 appropriates $20,000 from the general fund to the office of cultural affairs for the purpose of funding mechanical costs of producing a chronological political history of New Mexico.

 

Significant Issues

 

The office of cultural affairs provided the following:

 

Language of the bill is unclear regarding the definition of a “New Mexico Chronological Political History” or what the purpose of such a project/publication would be.  Does the bill refer to an existing publication?  Is there an existing archive to be developed into a chronological political history?  It should be noted that there currently exists a Political Archives Center at the Center of Southwest Research at the University of New Mexico.

 

FISCAL IMPLICATIONS

 

The appropriation of $20.0 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/yr