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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
Santa Fe 400
th
Anniversary Celebration
SB 992
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$200.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to HJM 45
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Tourism
SUMMARY
Synopsis of Bill
Senate Bill 992 appropriates $200.0 from the General Fund to the Local Government Division of
the Department of Finance and Administration for expenditure in FY08 to plan and promote a
celebration recognizing the four-hundred-year anniversary of the founding of Santa Fe.
FISCAL IMPLICATIONS
The appropriation of $200.0 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
The Department of Tourism reports that promoting the 400 year anniversary of Santa Fe allows
New Mexico Tourism Department (NMTD) to expand upon its agency mission of marketing