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F I S C A L I M P A C T R E P O R T
SPONSOR Picraux
ORIGINAL DATE
LAST UPDATED
2-3-2007
HB 447
SHORT TITLE Albuquerque Summer Ballet Festival
SB
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$125.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Cultural Affairs Department (CAD)
SUMMARY
Synopsis of Bill
House Bill 447 appropriates $125 thousand from the general fund to department of Cultural
Affairs for the purpose of supporting a summer ballet festival in Albuquerque.
FISCAL IMPLICATIONS
The appropriation of $125 thousand contained in House Bill 447 is a recurring expense to the
General Fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall
revert to the General Fund.
ADMINISTRATIVE IMPLICATIONS
The department would be required to conduct a request for proposal (RFP) process to
accommodate the state procurement process and the anti-donation laws.