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F I S C A L I M P A C T R E P O R T





SPONSOR: Lopez DATE TYPED: 01/28/00 HB
SHORT TITLE: Study Southwest Quadrant of Bernalillo County SB 190
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY00 FY01 FY00 FY01
$ 75.0 Non-Recurring General Fund



(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicates House Bill 192



SOURCES OF INFORMATION



Economic Development Department



SUMMARY



Synopsis of Bill



Senate Bill 190 appropriates funds to conduct a comprehensive demographic and statistical study of the southwest quadrant of Bernalillo County to assess the economic and social viability for the southwest quadrant supporting commercial industries.

FISCAL IMPLICATIONS



The bill appropriates $75.0 from the general fund to the Economic Development Department for expenditure in fiscal year 2001. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund. This is a non-recurring appropriation.



ADMINISTRATIVE IMPLICATIONS



The Economic Development Department may not have the existing staff or resources capable of conducting an extensive and comprehensive study of this nature. A professional services contract may be required to complete the study; however, EDD indicates that existing staff will absorb the workload.



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