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F I S C A L I M P A C T R E P O R T
SPONSOR Foley
ORIGINAL DATE
LAST UPDATED
1/31/08 HB 540
SHORT TITLE State Championship Events Trophies & Medals
SB
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$10.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Public Education (PED)
SUMMARY
Synopsis of Bill
House Bill 540 requests a ten thousand dollars ($10,000) appropriation from the General Fund to
the Public Education Department for expenditure in fiscal year 2009 to provide championship
trophies, medals and printing services associated with state championship athletic and non-
athletic events.
FISCAL IMPLICATIONS
The appropriation of Ten thousand dollars ($10,000) contained in this bill is a recurring expense
to the General Fund. Any unexpended or unencumbered balance remaining at the end of Fiscal
Year 2009 shall revert to the General Fund.
SIGNIFICANT ISSUES
Currently in New Mexico, schools use various limited budget resources to support the cost of
trophies, medals and printing costs for school activities, including athletics and non-athletics.
In addition, the New Mexico Activities Association (NMAA) provides trophies, medals and
printing to New Mexico schools that participate on a championship team. Presently the NMAA