NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.





F I S C A L I M P A C T R E P O R T





SPONSOR: Griego DATE TYPED: 020/3/00 HB
SHORT TITLE: NM Historic Route 66 Celebration SB 332
ANALYST: Valenzuela


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY00 FY01 FY00 FY01
$ 800.0 Non-recurring General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicates/Conflicts with/Companion to/Relates to



SOURCES OF INFORMATION



LFC Files

Office of Cultural Affairs



SUMMARY



Synopsis of Bill



Senate Bill 332 appropriates $800.0 from the general fund to the Office of Cultural Affairs to provide funding for the 75th anniversary celebration of New Mexico historic route 66. The appropriation is split among three projects for New Mexico's route 66 assets: 1) $450.0 for activities associated with the preservation, conservation and education of historic route 66 assets and to market the statewide "national diamond jubilee" celebration; 2) $250.0 to market the "remember the route" celebration to be held in Albuquerque, New Mexico, in July 2001; and 3) $100.0 for statewide preservation, education and interpretive work. The bill has a clause that requires OCA to revert to the general fund any unexpended balance.



Significant Issues



Congress, in 1999, passed legislation to preserve the cultural resources of the Route 66 corridor through grants to states. However, an appropriation was not made to carry out the intent of the bill. Consequently, communities along the corridor continue to struggle to identify revenue sources to celebrate this historic route. Senate Bill 332 would provide the funding to begin the process to celebrate this history.





FISCAL IMPLICATIONS



Senate Bill 332 appropriates $800.0 from the general fund. Aside from the appropriation, the bill would not have a fiscal impact on the OCA.



ADMINISTRATIVE IMPLICATIONS



Enactment of Senate Bill 332 would have only a minimal administrative impact on OCA, who could absorb the impact with existing resources.



MFV/gm:prr