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F I S C A L I M P A C T R E P O R T
SPONSOR Picraux
ORIGINAL DATE
LAST UPDATED
1-18-2008
HB 152
SHORT TITLE Albuquerque Summer Ballet Festival
SB
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$125.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Cultural Affairs Department (CAD)
SUMMARY
Synopsis of Bill
House Bill 152 appropriates $125 thousand from the general fund to department of Cultural
Affairs for the purpose of supporting a summer ballet festival in Albuquerque.
FISCAL IMPLICATIONS
The appropriation of $125 thousand contained in House Bill 152 is a recurring expense to the
General Fund. Any unexpended or unencumbered balance remaining at the end of FY09 shall
revert to the General Fund.
ADMINISTRATIVE IMPLICATIONS
The department would be required to conduct a request for proposal (RFP) process to
accommodate the state procurement process and the anti-donation laws.
ALTERNATIVES
The Cultural Affairs department suggests that the
These funds could be made part of New
Mexico Arts base budget and the organization could apply through the established grants
procedure and New Mexico Arts funding guidelines.