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F I S C A L I M P A C T R E P O R T
SPONSOR Wirth
ORIGINAL DATE
LAST UPDATED
1-30-06
HJR 3
SHORT TITLE Santa Fe Land Lease
SB
ANALYST Segura
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
N/A
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Cultural Affairs (DCA)
SUMMARY
Synopsis of Bill
House Joint Resolution authorizes the DCA to lease property at 1050 Old Pecos Trail in Santa
Fe, New Mexico.
The resolution state’s that the lease period exceed 25 years to cultural organizations including the
Santa Fe Children’s Museum, Center for Contemporary Arts, and the Santa Fe Performing Arts
School and Company.
FISCAL IMPLICATIONS
House Resolution 3 does not contain an appropriation.
SIGNIFICANT ISSUES
On January 13,2006, the State Armory Board entered into an agreement with Cultural Affairs to
lease the property of approximately seven and one-half acres for a period of 99 years at an an-
nual rate of one dollar per year. Cultural Affairs will assist the Armory Board in developing and
managing the entire property.