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





SPONSOR: Lundstrom DATE TYPED: HB 716
SHORT TITLE: Gallup Intertribal Tourist Events SB
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 125.0 Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Tourism Department



SUMMARY



Synopsis of Bill



House Bill 716 appropriates $125.0 from the general fund to the Local Government Division of the Department of Finance and Administration for the purpose of supporting major intertribal Indian tourist event in and around Gallup, New Mexico.



Significant Issues



The bill appropriates funds for fiscal years 2001 and 2002.



FISCAL IMPLICATIONS



The appropriation of $125.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund .



MW/lrs