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F I S C A L I M P A C T R E P O R T
SPONSOR Komadina
ORIGINAL DATE
LAST UPDATED
2/13/2007
HB
SHORT TITLE
MINING IMPACT, HISTORY & CULTURE DVD
SB 856
ANALYST Moser
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
NM Department of Higher Education (HED)
Energy, Minerals and Natural Resources (EMNRD)
SUMMARY
Synopsis of Bill
Senate Bill 856 appropriates $250,000 from the General Fund to the Board of Regents of New
Mexico Institute of Mining and Technology (NMIMT) for expenditure in FY08 to produce, in
coordination with the New Mexico Bureau of Geology and Mineral Resources (NMBGMR),
digital video discs about the history of mining in New Mexico, about the impact of mining on
New Mexico culture and economic development, and about mine safety.
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.
SIGNIFICANT ISSUES
Appropriation from SB856 would be used to hire a production company, video equipment, and