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.



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





SPONSOR: Rodriguez DATE TYPED: 03/03/01 HB
SHORT TITLE: Santa Fe Classroom Furniture SB 722
ANALYST: Gilbert


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02
$ 100.0 Non-Rec GF



(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicate to: HB818



SOURCES OF INFORMATION



LFC Files



SUMMARY



Synopsis of Bill



Senate Bill 722 appropriates $100.0 to the State Department of Public Education (SDE) to purchase classroom furniture for the Santa Fe Public School District.



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 FY02 shall revert to the general fund.



OTHER SUBSTANTIVE ISSUES



According to the SDE, the Santa Fe Public School District is bonded to 14.6% of its bonding capacity. The Santa Fe Public School District has imposed the two-mill levy pursuant to the Public School Capital Improvement Act (SB9) and the mill levy pursuant to the Public School Buildings Act (HB33).



The following is provided for information only. It is not intended as a commentary on the merits of the program/project:



The Legislative Education Study Committee did not recommend funding this appropriation in their Report to the First Session of the Forty-Fifth Legislature.



LG/lrs