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F I S C A L I M P A C T R E P O R T
SPONSOR Varela
ORIGINAL DATE
LAST UPDATED
1/31/08
HB 473
SHORT TITLE Santa Fe 400
th
Anniversary Celebration
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$1,000.0 Non-recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Tourism Department (TD)
SUMMARY
Synopsis of Bill
House Bill 473 appropriates $1 million from the general fund to the Tourism Department to fund
the planning and implementation of the 400
th
anniversary celebration for the city of Santa Fe in
2010.
FISCAL IMPLICATIONS
The appropriation of $1 million contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2010 shall revert
to the general fund.
SIGNIFICANT ISSUES
According to the Tourism Department, the 400th anniversary celebration will begin in July 2008
and run through December 2010. That’s almost two and one-half years of discovery, celebration
and promotion of what is best about Santa Fe. It’s going take organizations willing to provide
their time and money — and thousands of volunteers — to make this anniversary a source of
community growth and strength. The people of Santa Fe have already been working long and