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| SPONSOR: | Aragon | DATE TYPED: | 2/21/01 | HB | |||
| SHORT TITLE: | Entertainment-Related Scholarships | SB | 514 | ||||
| ANALYST: | Rael | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| $ 100.0 | Nonrecurring | GF | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
Office of Cultural Affairs (OCA)
SUMMARY
Synopsis of Bill
The Entertainment-Related Scholarships bill appropriates $100.0 from the GENERAL FUND to the Office of Cultural Affairs for the purpose of contracting with the New Mexico Hispano entertainers association to identify students worthy of entertainment-related scholarships.
FISCAL IMPLICATIONS
The appropriation of $100.0 contained in this bill is a NON-RECURRING expense to the GENERAL FUND. Any unexpended or unencumbered balance remaining at the end of FY 2002 shall revert to the GENERAL FUND.
ADMINISTRATIVE IMPLICATIONS
This bill would require an RFP process to be administered by the Office of Cultural Affairs as is required by the state procurement process and the anti-donation laws. This process would require staff time to develop an RFP, publication of an RFP and review and selection of eligible submissions.
FAR/njw