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|
SPONSOR: |
Aragon |
DATE TYPED: |
01/24/02 |
HB |
|
||
|
SHORT TITLE: |
Continue E-Commerce Initiative |
SB |
167 |
||||
|
|
ANALYST: |
Woodlee |
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APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or Non-Rec |
Fund Affected |
||
|
FY02 |
FY03 |
FY02 |
FY03 |
|
|
|
|
$38.0 |
|
|
Recurring |
General Fund |
(Parenthesis ( ) Indicate Expenditure
Decreases)
Economic Development Department
SUMMARY
Synopsis
of Bill
Senate Bill 167
appropriates $38.0 from the general fund to the Economic Development Department
to contract for services to continue an e-commerce initiative to increase sales
and the visibility of New Mexico products on the internet.
Significant Issues
The e-commerce initiative provides a web-based template for New Mexico small businesses to market their products on-line to potential customers nationally and internationally. The initiative was implement in FY02 with 50 companies. The template has the capacity for up to 200 companies. The funding will allow the department to continue the program and maintain and expand the website.
FISCAL IMPLICATIONS
The appropriation of
$38.0 contained in this bill is a 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.
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