[1] NOTE:  As provided in LFC policy, this report is intended only 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.

 

Only the most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website.  The Adobe PDF version includes all attachments, whereas the HTML version does not.  Previously issued FIRs and attachments may be obtained from the LFC’s office in Suite 101 of the State Capitol Building North.

 

 

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

 

 

 

SPONSOR:

Salazar

 

DATE TYPED:

2/1/02

 

HB

414

 

SHORT TITLE:

Woodworking and Furniture Industry Survey

 

SB

 

 

 

ANALYST:

J. Sandoval

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$50.0

 

 

Non-Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC files

 

Responses Received From

 

Department of Tourism

Office of Cultural Affairs

 

No Response

 

Department of Finance and Administration

 

SUMMARY

 

House Bill 414 appropriates $50.0 from the general fund to the Local Government Division of the Department of Finance and Administration to contract with the city of Santa Fe for a survey on developing the woodworking and furniture industry in New Mexico.

 

FISCAL IMPLICATIONS

 

The appropriation of $50.0 contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

 

ADMINISTRATIVE IMPLICATIONS

 

None reported.

 

OTHER SUBSTANTIVE ISSUES

 

According to the Department of Tourism, “woodworking and furniture making could be developed into a cottage industry that could be identified with New Mexico.  North Carolina is an example where its small towns have become renowned for furniture and woodworking.  That recognition has become a component of their tourism industry.”

 

According to the Office of Cultural Affairs, “HB 414 may be duplicative of work currently offered through TRADE, a nonprofit organization that works with and promotes the woodworking and furniture industry in northern New Mexico.”

 

POSSIBLE QUESTIONS

 

  1. Why is this contract to go to the City of Santa Fe?
  2. What information is this survey to collect?
  3. How useful will this information be for a recognized style of furniture; Santa Fe Style or Spanish Colonial?

 

JFS/njw

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