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F I S C A L I M P A C T R E P O R T
SPONSOR Griego
ORIGINAL DATE
LAST UPDATED
2/12/07
HB
SHORT TITLE Northern NM Performing Arts Program
SB 915
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 915 appropriates $50.0 from the General Fund to the Local Government Division of
the Department of Finance and Administration to the City of Santa to support a performing arts
program.
FISCAL IMPLICATIONS
The appropriation of $50.0 contained in this bill is a 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
SB 915 supports a performing arts program that would serve approximately 5,000 children in
Northern New Mexico. The Santa Fe Performing Arts (SFPA) which operates as a 501(c) (3)
corporation foresees states that the majority of the funds would cover costs associated with
maintaining a 320-seat theater including but not limited to leasing fees, gas, electric, phone