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F I S C A L I M P A C T R E P O R T
SPONSOR Campos
ORIGINAL DATE
LAST UPDATED
2/13/07
HB
SHORT TITLE Veterans’ Memorial Park in Las Vegas
SB 969
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$150.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
Department of Veterans Affairs (DVA)
SUMMARY
Synopsis of Bill
Senate Bill 969 appropriates $150.0 from the General Fund for expenditure by the City of Las
Vegas to create a veterans’ memorial park in Las Vegas.
FISCAL IMPLICATIONS
The appropriation of $150.0 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 Veterans' Memorial Park in Las Vegas is currently owned and maintained by the City of Las
Vegas. The park memorializes and honors veterans. The City has no available or dedicated funds
for renovation. This park was dedicated to our honored veterans in 1959 and has been minimally
maintained and has had no major upgrades since that time. There are approximately 20,000
veterans in northern New Mexico that would be immediately affected by renovation of this park.