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 Madalena

ORIGINAL DATE

LAST UPDATED

HB 804

SHORT TITLE Indian Arts Institute Learning Support Center

SB

ANALYST Weber

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

$150.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

House Bill 804 appropriates $150.0 from the general fund to the Indian Affairs Department for

expenditure in FY08 for the purpose of funding the support center program and services at the

Institute of American Indian Arts.

FISCAL IMPLICATIONS

The appropriation of $150 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 2008 shall

revert to the general fund.

SIGNIFICANT ISSUES

The Indian Affairs Department reports IAIA is a congressionally chartered, accredited Tribal

College located in Santa Fe, New Mexico. Its mission is to provide art and museum training

opportunities and education and outreach services to Indian students, tribes and the public.

There are 210 students enrolled this semester, including representatives from each of New

Mexico’s 22 tribes.

MW/csd