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| SPONSOR: | Romero | DATE TYPED: | 02/02/99 | HB | |||
| SHORT TITLE: | Smithsonian Folklife Festival | SB | 261 | ||||
| ANALYST: | Pacheco-Perez | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| $ 101.4 | Recurring | GF | |||
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
Commission on Higher Education (CHE)
Office of Cultural Affairs (OCA)
SUMMARY
Synopsis of Bill
This bill appropriates $101,388 to the Board of Regents of the University of New Mexico for the Southwest Hispanic Research Institute of Art for the purpose of funding the Rio Grande-Rio Bravo basin program 1999 Smithsonian Folklife Festival.
Significant Issues
According to the CHE, the project proposed in this bill was not included in the list of eleven special project requests made by the institution.
FISCAL IMPLICATIONS
The appropriation of $101.4 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY00 shall revert to the general fund.
ADMINISTRATIVE IMPLICATIONS
According to OCA, staff at the arts division of OCA may provide technical assistance and advice to the Southwest Hispanic Research Institute of Art. It is recommended that the two work together on the project proposed in this bill.
OTHER SUBSTANTIVE ISSUES
According to the CHE, the state higher education funding formula allows institutions to retain 100% of earned overhead on federal grants and contracts for the purpose of providing seed money and matching funds for projects such as that proposed in this bill.
APP/prr