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F I S C A L I M P A C T R E P O R T
SPONSOR Rodriguez
ORIGINAL DATE
LAST UPDATED
1/29/08
1/31/08 HB
SHORT TITLE Santa Fe 400
th
Anniversary Celebration
SB 473
ANALYST Propst
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 (NMTD)
SUMMARY
Synopsis of Bill
Senate Bill, Making an Appropriation to Fund Santa Fe’s 400
th
Anniversary Celebration,
appropriates $1.0 million from the general fund to DFA for the purpose Santa Fe’s 400
th
anniversary celebration.
FISCAL IMPLICATIONS
The appropriation of $1.0 million contained in this bill is a non-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
NMTD notes that nearly four centuries ago, Spanish settlers designated Santa Fe the capital city
of the territory we now know as New Mexico. When they arrived, they found a thriving Native
American culture, and for the last 400 years those cultures have served to enrich each other.
Santa Fe has long been heralded for its thriving arts community, as a world class travel
destination, and for its natural beauty.