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 for other purposes.

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

SPONSOR:	Ingle		DATE TYPED:	01/30/03		HB
SHORT TITLE:		ENMU Athletic Program Expansion				SB	334
					ANALYST:		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY03	FY04	FY03	FY04
	$200.0			Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 334 appropriates $200.0 to the Board of Reagents of Eastern New Mexico University to expand their athletic program.

FISCAL IMPLICATIONS

The appropriation of $200.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY04 shall revert to the general fund.

OTHER SUBSTANTIVE ISSUES

Funding for this program was not included in the FY04 New Mexico Commission on Higher Education final funding recommendations report, dated December 2002.

RLG/sb