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

SPONSOR Stewart

DATE TYPED 03/03/05 HB 975

SHORT TITLE Albuquerque Tricentennial Theater Companies

SB

ANALYST Ford

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

$400.0

Recurring General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Cultural Affairs (DCA)

Department of Finance and Administration (DFA)

Public Education Department (PED)

Tourism Department

SUMMARY

Synopsis of Bill

House Bill 975 appropriates $400 thousand from the general fund to the Department of Cultural

Affairs for the purpose of assisting the city of Albuquerque in supporting the efforts of local the-

atrical companies to perform as well as conduct educational and cultural exchange outreach ac-

tivities at the city’s tricentennial celebration. The bill is an emergency measure to take effect

upon being signed by the Governor.

FISCAL IMPLICATIONS

The appropriation of $400 thousand contained in this bill is a recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of FY 06 shall revert to

the general fund.

House Bill 975 -- Page 2

OTHER SUBSTANTIVE ISSUES

According to DFA, the tricentennial is the 300th birthday celebration of the City of Albuquerque,

and will be commemorated from April 2005 through April 2006. The Albuquerque Tricenten-

nial Committee has asked organizations to provide input on events and activities for inclusion in

the celebration. Over the past several months, volunteers have formulated a calendar of events.

The focus for the month of March, 2006 is to be theatre arts.

DCA writes, “Projects implemented through the Department of Cultural Affairs would enhance

the ongoing programming of the department and its National Hispanic Cultural Center, whose

Performing Arts program has as its mission the presentation and production of musical, theatri-

cal, dance and multidisciplinary performances and events that preserve and promote Hispanic

cultures in New Mexico, the nation and the world.”

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