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 a vailable 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 Campos

ORIGINAL DATE

LAST UPDATED

2/4/06

2/4/06 HB 445

SHORT TITLE UNM Main Street Program Activities

SB

ANALYST Hoffmann

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

$125.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

This is a duplicate bill of SB 168.

SOURCES OF INFORMATION

LFC Files

Responses Received From

Economic Development Department (EDD)

Higher Education Department (HED)

SUMMARY

Synopsis of Bill

House Bill 445 appropriates $125,000 from the general fund to the Board of Regents of the Uni-

versity of New Mexico for the purpose of supporting ongoing design activities by the University

of New Mexico Design and Planning Assistance Center (DPAC) pursuant to a Joint Powers

Agreement between the Main Street Program and the Economic Development Department.

FISCAL IMPLICATIONS

The appropriation of $125,000 contained in this bill is a recurring expense to the general fund.

Any unexpended or unencumbered balance remaining at the end of 2007 shall revert to the gen-

eral fund.

SIGNIFICANT ISSUES

The proposal for House Bill 445 was not included in UNM’s 2006 Legislative priorities nor was

House Bill 445 – Page

2

this included in the list of priority projects submitted to the New Mexico Higher Education De-

partment for review. It is not included in the Department's funding recommendations.

The Executive budget recommendation includes $500,000 for the Economic Development De-

partment for the Main Street program.

New Mexico Main Street is the local division of the National Main Street Center in Washington,

D.C., sponsored by the National Trust for Historic Preservation. The organization restores eco-

nomic vitality to America’s downtowns through city design, promotion, economic restructuring,

and organization.

According to the Higher Education Department, in the second half of 2004, Main Street spawned

69 new businesses and more than $8 million in private reinvestment in New Mexico’s small

towns and city centers.

The Economic Development Department notes that by providing communities with technical

assistance in architecture, landscape architecture and planning, this DPAC and Main Street part-

nership generates well-planned local public improvement projects that efficiently use capital out-

lay and other public and private financing resources.

ADMINISTRATIVE IMPLICATIONS

The UNM School of Architecture will oversee student relations with Main Street and the New

Mexico Economic Development Department.

DUPLICATION

Senate Bill 168 appropriates $125,000 for the same purpose.

CH/nt