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F I S C A L I M P A C T R E P O R T
SPONSOR Rodella
ORIGINAL DATE
LAST UPDATED
2/17/07
HB 1108
SHORT TITLE ENCHANTED CIRCLE SIROLLI PROJECT
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$80.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Bill 1108 proposes $80.0 from the General Fund to the Local Government Division of the
Department of Finance and Administration for the Enchanted Circle Sirolli project.
FISCAL IMPLICATIONS
The appropriation of $80.0 contained in this bill is a recurring expense to the General Fund. Any
unexpended or unencumbered balance remaining at the end of FY08 shall revert to the General
Fund.
SIGNIFICANT ISSUES
DFA reports that the funding will cover a facilitator's consulting costs. The facilitator's goal is to
provide the community with best-practice tools to allow the program to eventually become self
sustaining. The Enchanted Circle Sirolli project works closely with the local Chamber of
Commerce in Taos, Questa, Angel Fire, Eagle Nest, Red River and Penasco as well as the
Regional Development Corporation, and UNM's entrepreneurship program.