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F I S C A L I M P A C T R E P O R T
SPONSOR Varela
ORIGINAL DATE
LAST UPDATED
2/14/07
HB 1165
SHORT TITLE
Santa Fe 400
th
Anniversary Celebration
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$200.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates HB 1182 and SB 992. Relates to HJM 45
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Tourism Department (NMTD)
SUMMARY
Synopsis of Bill
House Bill 1165 appropriates $200.0 from the General Fund to the Local Government Division
of the Department of Finance and Administration for expenditure in FY08 to plan and promote a
celebration recognizing the four-hundred-year anniversary of the founding of Santa Fe.
FISCAL IMPLICATIONS
The appropriation of $200.0 contained in this bill 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.
SIGNIFICANT ISSUES
The Department of Tourism reports that promoting the 400 year anniversary of Santa Fe allows
New Mexico Tourism Department (NMTD) to expand upon its agency mission of marketing
pg_0002
House Bill 1165 – Page
2
New Mexico as an enchanting destination to the world. NMTD supports any initiative that
encourages visitation to the state.
Further, NMTD notes that HB 1165 will help increase tourism to the state, and will positively
affect three key performance measures: domestic tourism market share, the percent increase in
lodger’s tax, and the impact of tourism in the state of New Mexico.
WEP/csd