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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

2/05/06

HB

SHORT TITLE Promote Film and Media Enterprises in NM

SB 442

ANALYST Earnest

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

$50.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

Senate Bill 442 appropriates $50 thousand from the general fund to Economic Development De-

partment to promote film and media enterprises in New Mexico.

FISCAL IMPLICATIONS

The appropriation of $50 thousand 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

The Film Office of EDD reports that it would use the appropriation to attend industry marketing

events such as Sundance film festival, South by Southwest musical and film festival, or the AFCI

Locations Tradeshow to promote New Mexico’s growing film and media industry.

BE/nt