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F I S C A L I M P A C T R E P O R T
SPONSOR Youngberg
ORIGINAL DATE
LAST UPDATED
2/15/07
HB 941
SHORT TITLE Taos Communities Economic Development
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$80.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 941 appropriates $80 thousand from the general fund to the Economic Development
Department for enterprise facilitation with leaders from several communities in Taos County.
FISCAL IMPLICATIONS
The appropriation of $80 thousand contained in this bill is a recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2008 shall
revert to the general fund.
SIGNIFICANT ISSUES
EDD supported and funded a 30 month pilot project for enterprise facilitation in Taos County
(Enchanted Circle Sirolli Project) that was successful. This appropriation would continue the
project.
According to the Enchanted Circle Sirolli Project website, the Sirolli Institute, founded in 1995,
is a global education and training organization of experienced professionals with the aim of