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F I S C A L I M P A C T R E P O R T
SPONSOR Grubesic
ORIGINAL DATE
LAST UPDATED
1/30/2007
HB
SHORT TITLE Georgia O’Keefe Museum 10
th
Anniversary
SB 545
ANALYST Schuss
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$250.0 Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Tourism Department (TD)
Department of Cultural Affairs (DCA)
SUMMARY
Synopsis of Bill
Senate Bill 545 appropriates $250,000 from the General Fund to the Tourism Department to
promote the tenth anniversary celebration of the Georgia O’Keefe Museum.
FISCAL IMPLICATIONS
The appropriation of $250,000 contained in this bill is a non-recurring expense to the General
Fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to
the General Fund.
The TD notes that no other funding is available for this purpose.
SIGNIFICANT ISSUES
The TD states that Senate Bill 545 will not only benefit the city of Santa Fe and its tourism
industry partners but also the entire state. The celebration will draw people from all over the