NOTE: As provided in LFC policy, this report is intended 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: Altamirano DATE TYPED: 01/24/00 HB
SHORT TITLE: Alliance for Minority Students SB 26
ANALYST: Pacheco-Perez


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY00 FY01 FY00 FY01
$ 90.0 Rec GF



(Parenthesis ( ) Indicate Expenditure Decreases)



Relates to HB2



SOURCES OF INFORMATION



LFC Files



SUMMARY



Synopsis of Bill



This bill appropriates $90.0 from the general fund to the Board of Regents of the New Mexico State University for the Alliance for Minority Students and the Regional Alliance for Science, Mathematics, Engineering and Technology for Students with Disabilities programs.



FISCAL IMPLICATIONS



The appropriation of $90.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY01 shall revert to the general fund.



CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP



The LFC recommendation includes $345.4 for this program, an increase of $40.0 over FY00.



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