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F I S C A L I M P A C T R E P O R T

SPONSOR Silva

DATE TYPED 2/20/05

HB 895

SHORT TITLE Albuquerque Tricentennial Celebration

SB

ANALYST Hadwiger

APPROPRIATION

(in $000s)

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

$1,500.0

Non-recurring General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to SB1001.

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Finance and Administration (DFA)

SUMMARY

Synopsis of Bill

House Bill 895 appropriates $1.5 million from the general fund to the Department of Finance and

Administration for the City of Albuquerque for education about and promotion and operation of

the city’s tricentennial celebration.

Significant Issues

The City of Albuquerque was founded on April 23, 1706. The City is currently planning a

Tricentennial Celebration that will be a thirteen-month gala event starting in early April 2005

ending in April 2006. The Albuquerque Tricentennial Committee is planning a diverse calendar

of events over this time, including parades, festivals, concerts, re-enactments, lecture series, art

exhibits, educational activities, sporting events and more. The Tricentennial Committee will be

highlighting the rich cultural diversity. The City of Albuquerque hopes to instill a renewed cul-

ture in the State's multicultural society and inspire an appreciation of New Mexico's history.

House Bill 895 -- Page 2

The event will appeal to visitors from other states and from abroad, with positive impacts on the

state’s tourism industry.

FISCAL IMPLICATIONS

The appropriation of $1.5 million contained in this bill is a non-recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of FY06 would revert to

the general fund.

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

Relates to SB1001, which would appropriate $25 thousand to the Cultural Affairs Department

(DCA) to contract for a flamenco dance performance for Albuquerque’s tricentennial celebra-

tion.

TECHNICAL ISSUES

If multiple legislators wish to appropriate funds for the tricentennial, it might be useful to appro-

priate the funds to one agency. SB1001 would appropriate to the Cultural Affairs Department

for this purpose; HB895 would appropriate to DFA.

POSSIBLE QUESTIONS

1.

What is the current status of planning for Albuquerque’s Tricentennial. When is the first

event. What will be the climax of the celebration.

2.

Has a particular plan been developed for use of the funds in this bill.

DH/rs