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F I S C A L I M P A C T R E P O R T
SPONSOR Miera
DATE TYPED 1/26/05
HB 135
SHORT TITLE New Mexico Mainstreet Program
SB
ANALYST Rosen
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$125.0
Indeterminate Indeterminate Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates SB19
SOURCES OF INFORMATION
Responses Received From
Economic Development Department
SUMMARY
Synopsis of Bill
House Bill 135 appropriates $125.0 from the general fund to EDD for expenditure in FY05 and
subsequent fiscal years for collaboration with the university of New Mexico school of planning
and architecture for activities and administration of the New Mexico Mainstreet program.
Significant Issues
EDD indicates the appropriation is necessary to provide technical assistance to sixteen mainstreet
communities in the state, assisting communities with designing of their downtown. EDD indi-
cates design of a downtown is the most fundamental step in revitalizing a community, defining a
market niche for a community’s commercial district, growing existing retail businesses and
growing new businesses.