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





SPONSOR: Maes DATE TYPED: 02/02/01 HB
SHORT TITLE: Promote NM in Domestic/International Markets SB 247
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 3,000.0 Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Economic Development Department

LFC Files



SUMMARY



Synopsis of Bill



Senate Bill 247 appropriates $3,000.0 from the general fund to the Economic Development Department to promote the state of New Mexico in domestic and international markets.



Significant Issues



Currently, the agency has $450.0 in the base budget for marketing purposes. This appropriation would increase that line-item by over 600 percent. The agency did not request the funds in the base budget as an expansion, but as a "new initiative." It is unclear if the agency has determined any performance measurements in relation to this appropriation.



FISCAL IMPLICATIONS



The appropriation of $3,000.0 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/njw