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F I S C A L I M P A C T R E P O R T
SPONSOR Maestas
ORIGINAL DATE
LAST UPDATED
1/26/08
HB 458
SHORT TITLE Albuquerque Community Bicycle Program
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Bill 458, Making an Appropriation to Implement a Community Bicycle Program for
Needy Children in Albuquerque, appropriates $50.0 thousand from the general fund to DFA for
the purpose of a community bicycle program to restore and repair donated, used bicycles for
needy children.
FISCAL IMPLICATIONS
The appropriation of $50.0 thousand contained in this bill 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.
SIGNIFICANT ISSUES
DFA notes that the West Central Metropolitan Redevelopment Area is an area designated for
redevelopment by the City of Albuquerque. It includes ten neighborhood associations and two
merchant associations. It is considered a blighted area with a large Hispanic minority
population. The population of this area is approximately 50,000.