[1] NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

 

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

 

 

 

SPONSOR:

Aragon

 

DATE TYPED:

2-5-02

 

HB

 

 

SHORT TITLE:

NMHU Forestry Program

 

SB

389

 

 

ANALYST:

Baca

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$47.0

 

 

Recurring

General Fund

(Parenthesis) Indicate Expenditure Decreases)

 

Relates to Appropriation in The General Appropriation Act

 

SOURCES OF INFORMATION

 

Energy, Minerals & Natural Resources Department (EMNRD)

Commission on Higher Education (CHE)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 389 appropriates $47.0 from the general fund to the Board of Regents of New Mexico Highlands University (NMHU) for expenditure in FY2003 to support the forestry program of the EMNRD, including equipment, purchase and installation and student recruitment efforts.

 

    Significant Issues

 

EMNRD reports this bill will support a much-needed program in New Mexico.  There is no other institution of higher learning in the state that offers a four-year degree in forest science.  This funding will help Highlands University equip facilities and recruit students.

 

FISCAL IMPLICATIONS

 

The appropriation of $47.0 contained in this bill is an expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY2003 shall revert to the general fund.

 

 

 

CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP

 

Senate Bill 389 relates to the General Appropriation Act, which contains the appropriation for NMHU.

 

OTHER SUBSTANTIVE ISSUES

 

The following is provided for information only. It is not intended as a commentary on the merits of the bill:

 

This program was not included in the budget request NMHU Board of Regents submitted to the CHE.  Consequently, the CHE did not review nor recommend it.

 

LB/njw

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