Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us). Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and attachments may also be obtained from the LFC 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	Townsend		DATE TYPED	2/4/04		HB	218
SHORT TITLE		Technology Assistance Loan Program				SB
					ANALYST		Segura

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$519.0			Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

House Bill 218 appropriates $519.0 to the Vocational Rehabilitation Division of the Public Education Department for technology assistance program.

Significant Issues

The program is to provide a statewide low-interest or no interest loan program for persons with disabilities.

FISCAL IMPLICATIONS

House Bill 218 appropriates $519.0 from the general fund and is recurring.

ADMINISTRATIVE IMPLICATIONS

DVR has the experience and administrative procedures to distribute the funds and monitor the program.

RS/yr