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F I S C A L I M P A C T R E P O R T
SPONSOR King
ORIGINAL DATE
LAST UPDATED
2/05/2007
HB 511
SHORT TITLE NM Centennial Celebration Act
SB
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$250.0
*Recurring
General Fund
*Please see narrative
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to Appropriation in the General Appropriation Act
Relates to; House Bill 477 and Senate Bill 71 (duplicate bills)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Tourism Department (TD)
Cultural Affairs Department (CAD)
Public Education Department (PED)
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
House Bill 511 appropriates $250 thousand from the general fund to department of Cultural
Affairs for the purpose of creating a commission of 13 governor-appointee members to
coordinate and promote state and local observances of the State’s 100
th
Anniversary;
commemorating inclusion of New Mexico into the United States of America, January 6
th
, 1912.
FISCAL IMPLICATIONS
The appropriation of $250 thousand contained in this bill is a recurring expense to the General
Fund. Any unexpended or unencumbered balance remaining on January 1
st
, 2013 shall revert to
the General Fund. The legislation contains a sunset provision whereby the act would
automatically be repealed on January 1
st
, 2013.