[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.

 

Only the most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website.  The Adobe PDF version includes all attachments, whereas the HTML version does not.  Previously issued FIRs and attachments may be obtained from the LFC’s office in Suite 101 of the State Capitol Building North.

 

 

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

 

 

 

SPONSOR:

Aragon

 

DATE TYPED:

1-31-02

 

HB

 

 

SHORT TITLE:

Graduation Education & Community Programs

 

SB

166

 

 

ANALYST:

Baca

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

$300.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Relates to Appropriation in The General Appropriation Act      to HB 2      

 

SOURCES OF INFORMATION

 

Commission on Higher Education (CHE)

LFC Files

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 166 appropriates $300.0 from the general fund to the University of New Mexico (UNM) Board of Regents to strengthen graduate education and community programs through expansion of academic research

 

     Significant Issues

 

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

 

This program request was not included in UNM’s Board of Regents to budget request to the   CHE and, thus, was not reviewed by the CHE.

 

ADMINISTRATIVE IMPACT

 

According to CHE, this bill would add one more research/public service project to the current list of nine-four projects that are funded as separate line items outside the higher education funding formula.  CHE policy requires that each of these projects be subjected to a thorough evaluation once every four years to be eligible for continues funding.  This evaluation process has been developed by the CHE to be consistent with the Accountability in government Act (AGA) mandated by the state legislature. 

 

FISCAL IMPLICATIONS

 

The appropriation of $300.0 contained in this bill is a recurring expense to the general fund.   Any unexpended or unencumbered balance remaining at the end of FY2003 shall revert to the general fund.

 

RELATIONSHIP

 

Senate Bill relates to House Bill 2, the General Appropriation Act which contains the FY2003 appropriation for UNM.

 

LB/njw


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