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|
SPONSOR: |
Varela |
DATE TYPED: |
02/04/03 |
HB |
66 |
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|
SHORT TITLE: |
NMIMT Institute Expansion |
SB |
|
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|
|
ANALYST: |
Williams |
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APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
|
FY03 |
FY04 |
FY03 |
FY04 |
|
|
|
|
$500.0 |
|
|
Recurring |
General
Fund |
|
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Responses
Received
LFC
Files
Economic
Development Department
Commission
on Higher Education (CHE)
SUMMARY
Synopsis
of Bill
House Bill 66
appropriates $500.0 from the general fund to the Board of Regents of the New
Mexico Institute of Mining and Technology (NMIMT) for the purpose of expanding
the operations of the Institute for Complex Additive Systems Analysis (ICASA).
FISCAL IMPLICATIONS
The appropriation of
$500.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance
remaining at the end of FY 2004 shall revert to the general fund.
The LFC budget
recommendation includes an increase of $200.0 for a total appropriation of
$523.2 in FY04 for the ICASA at NMIMT.
According to the LFC budget document, the ICASA program is a research
initiative engaged in the study of complex interdependent systems. The expansion funds will allow ICASA to
establish a new research center in conjunction with the National Security
Agency (NSA). The additional $200.0
will enable ICASA to leverage an additional $5 million to $10 million annually
from NSA to build, staff and maintain an advanced analysis research center.
According to the CHE
analysis, NMIMT submitted to CHE an expansion request of $500.0; the request
was ranked by NMIMT as #3 out of 14 research and public service projects. In its funding recommendation, CHE noted “In
addition to its FY2003-04 funding recommendations, the Commission supports the
position that, should adequate revenue be available, funding for the following
projects be appropriated” and noted $150.0 for expansion of ICASA.
OTHER SUBSTANTIVE ISSUES
CHE notes the
possibility of the use of indirect cost revenue for this project.
This is an Information
Technology Oversight Committee-sponsored bill.
POSSIBLE QUESTIONS