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F I S C A L I M P A C T R E P O R T
SPONSOR Rehm
ORIGINAL DATE
LAST UPDATED
2-2-06
HB 555
SHORT TITLE ALBUQUERQUE RACING MUSEUM
SB
ANALYST Hadwiger
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$50.0
Non-Rec
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
House Bill 555 appropriates $50 thousand from the general fund to the Local Government Divi-
sion (LGD) of the Department of Finance and Administration (DFA) in FY07 for a racing mu-
seum in Albuquerque.
FISCAL IMPLICATIONS
The appropriation of $50 thousand contained in this bill is a non-recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of FY07 would revert to
the general fund.
SIGNIFICANT ISSUES
According to DFA, funds will be used to plan, design, build, equip and furnish interactive kiosk
exhibits, typically free-standing information displays that allow users to retrieve information
through touch-screens, buttons, and video displays. Interactive kiosks are frequently controlled
by computers running software written with multimedia authoring software.
pg_0002
House Bill 555 Page 2
DFA indicated the proposed legislation for the appropriation of $50,000.00 is only part of a re-
quested $1.2 million dollars. There is also a landscaping component which might use a portion
of this requested amount.
ADMINISTRATIVE IMPLICATIONS
DFA noted administration of this legislation if passed would go directly to the Village of Los
Ranchos De Albuquerque.
DH/nt