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F I S C A L I M P A C T R E P O R T
SPONSOR Beffort
ORIGINAL DATE
LAST UPDATED
2/01/07
HB
SHORT TITLE Albuquerque Open Space Expansion
SB 722
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$1,000.0
Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Companion to HB 782
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
Senate Bill 722 appropriates $1,000.0 from the General Fund to DFA to permit the City of
Albuquerque to purchase property adjacent to the Gutierrez Canyon open space in Cedar Crest.
FISCAL IMPLICATIONS
The appropriation of $1,000.0 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.
SIGNIFICANT ISSUES
Currently, the City is making multiple efforts to add to its open space areas to improve the
quality of life for its residents. According to the City of Albuquerque staff, this property has
several positive aspects for purchase: the property is adjacent to approximately 300 acres that is
currently open space; it is a wildlife preserve; and it is included in a Trust for Public Lands
purchase of 480 acres for $2,000.0.