Master FIR (1988)

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

SPONSOR:	Payne		DATE TYPED:	01/25/01		HB
SHORT TITLE:		Complex Additive Systems Analysis Institute				SB	49
					ANALYST:		Fernandez

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY01	FY02	FY01	FY02	Recurring or Non-Rec	Fund Affected
	$ 350.0			Recurring	GF

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates/Relates to Appropriation in The General Appropriation Act, Section 4, Duplicates HB229

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 49 appropriates $350.0from the general fund to New Mexico Institute of Mining and Technology (NMIMT) for the purpose of funding work performed by the Institute for Complex Additive Systems Analysis (ICASA).

Significant Issues

The ICASA program is a joint effort between NMIMT, Department of Defense (DOD) and the private sector, created to formulate new approaches for analyzing and understanding complex interdependent systems.

According to NMIMT, funding contained in this bill will provide development costs for funding ICASA as it feeds into a unique degree program at NMIMT. Programs in higher education are funded through the higher education funding formula and as students matriculate, enrollment is recognized as "workload" in the funding formula. This appropriation would allow NMIMT to hire faculty prior to actual enrollment of students.

PERFORMANCE IMPLICATIONS

The following performance measures were submitted by NMIMT for the expansion:

Number of jobs created in New Mexico - 35
Direct return on investment - state funding to federal funding $350.0/$4,500.0

FISCAL IMPLICATIONS

The appropriation of $350.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund.

DUPLICATION

Included in HB2, General Appropriation Act, Section 4, is an appropriation in the amount of $100.0 for the ICASA program at NMIMT.

This bill duplicates HB229.

CTF/ar