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 M.J. Garcia
ORIGINAL DATE
LAST UPDATED
1-18-2007
HB
SHORT TITLE Statewide Historic Building Restoration
SB 71
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
*$60.0 Nonrecurring
General Fund
*Please see narrative
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Cultural Affairs Department (CAD)
SUMMARY
Synopsis of Bill
Senate Bill 71 appropriates $60 thousand from the general fund to the Historic Preservation divi-
sion of the Cultural Affairs department for the purpose of conducting statewide research, assess-
ment and selection of one of one hundred historic public structures to be revitalized for the
State‘s 2012 centennial celebration.
FISCAL IMPLICATIONS
The appropriation of $60 thousand contained in this bill is a nonrecurring expense to the General
Fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to
the General Fund.
*Senate Bill 71 includes a provision for selection of one of 100 historical structures for revitali-
zation in conjunction with centennial celebration. This stated revitalization would be an inferred
additional, currently unknown capital cost associated with passage of this legislation.