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





SPONSOR: Tripp DATE TYPED: 03/10/01 HB 836
SHORT TITLE: Alamo Chapter Arts & Craft Center SB
ANALYST: Moran


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 50.0 Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION

LFC Files



SUMMARY



Synopsis of Bill



HB 836 appropriates $ 50,000.00 from the general fund to the Local Government Division of the Department of Finance and Administration for the purpose of contracting with the City of Socorro to manage the Alamo chapter of the Navajo Nation Arts and Craft Center. This appropriation can be expended in FY01 and FY02.



FISCAL IMPLICATIONS



The appropriation of $ 50.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY02 shall revert to the general fund.



RJM/sb