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F I S C A L I M P A C T R E P O R T
SPONSOR Robinson
ORIGINAL DATE
LAST UPDATED
2/9/06
HB
SHORT TITLE Film & Media Employment Training & Production SB 432
ANALYST Lewis
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
500.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to
SB 442 (Promote Film & Media Enterprises in NM).
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
Higher Education Department (HED)
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 432 appropriates $500,000 from the general fund to the Higher Education Depart-
ment to support film and media employment training and student productions.
FISCAL IMPLICATIONS
The appropriation of $500,000 contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall revert
to the general fund.
SIGNIFICANT ISSUES
According to the Public Education Department (PED), digital media and film represent signifi-
cant economic development activities for New Mexico, but only if there is a skilled workforce to
complete these projects.