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F I S C A L I M P A C T R E P O R T
SPONSOR Wallace
ORIGINAL DATE
LAST UPDATED
2/21/07
HB 1174
SHORT TITLE New Mexico Quality Awards Program
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$250.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates House Bill 1085
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 1174 appropriates $250 thousand from the general fund to the Economic
Development Department to support administration of the New Mexico quality awards program
for business, education, government, health care and non-profit organizations.
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 at the end of fiscal year 2008 shall
revert to the general fund.
SIGNIFICANT ISSUES
Quality New Mexico is a private, non-profit 501(c) 3 service organization established in 1993
and home to the New Mexico Quality Awards (NMQA) program recognizing
businesses/organizations for commitment to progress and excellence. Since 1994, New Mexico