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|
SPONSOR: |
Lopez |
DATE TYPED: |
02/05/02 |
HB |
|
||
|
SHORT TITLE: |
NMSU Economic Development Initiatives |
SB |
370 |
||||
|
|
ANALYST: |
Baca |
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APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or Non-Rec |
Fund Affected |
||
|
FY02 |
FY03 |
FY02 |
FY03 |
|
|
|
|
$250.0 |
|
|
Recurring |
General Fund |
(Parenthesis)
Indicate Expenditure Decreases)
Relates
to Appropriation in The General Appropriation Act
Economic Development Department (EDD)
SUMMARY
Synopsis
of Bill
Senate Bill 370 appropriates $250.0 to the Board
of Regents of New Mexico State University (NMSU) for expenditure in FY2003 to
provide economic development initiatives involving low-income and underemployed
residents in those rural and semi-rural areas throughout the state with the
highest unemployment rates and lowest per capita income levels.
Significant
Issues
The following is provided for information
only. It is not intended as a
commentary on the merits of the bill:
This proposal was not
included in the budget request submitted by the NMSU Board of Regents to
CHE. Consequently, CHE did not review
nor recommend it.
FISCAL IMPLICATIONS
The appropriation of $250.0 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.
CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP
Senate Bill 370 relates to the General
Appropriation Act, which includes the appropriation to NMSU.
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