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F I S C A L I M P A C T R E P O R T
SPONSOR Stewart
ORIGINAL DATE
LAST UPDATED
1/26/06
HB 242
SHORT TITLE International Digital Filmmaking Festival
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$300.0
Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
HB242 appropriates $300,000 from the general fund for expenditure in FY06 and FY07 to the
Economic Development Department to contract for services to conduct an international digital
filmmaking festival as part of the Albuquerque tri-centennial that will serve to educate trainees
of the state Film Technicians Training Program and students of the Media Arts Program at the
University of New Mexico (UNM).
FISCAL IMPLICATIONS
The appropriation of $300 thousand ($300,000) contained in this bill is a non-recurring expense
to the general fund. Any unexpended or unencumbered balance remaining at the end of FY07
shall revert to the general fund.
This appropriation is tied to an event in conjunction with Albuquerque’s tri-centennial celebra-
tion and, as such, is determined to be non-recurring.