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	Vigil		DATE TYPED	2/5/04		HB	478
SHORT TITLE		Luna Vo-Tech Youth College Expenses				SB
					ANALYST		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$59.0			Recurring	General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

Duplicates: Appropriation in HB 332

SOURCES OF INFORMATION

LFC Files

Response Received From

Commission on Higher Education (CHE)

SUMMARY

Synopsis of Bill

House Bill 478 appropriates $59 thousand from the general fund to the governing board of Luna Vocational-Technical Institute for operation of the youth college program.

Significant Issues

The youth college program is a 2 week seminar that takes place at Luna Community College. The program services 120 underprivileged middle schools students. New Mexico Highlands University provides room and board for students to experience the full college experience.

FISCAL IMPLICATIONS

The appropriation of $59.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY 05 shall revert to the general fund.

RELATIONSHIP

House Bill 332 appropriates $59.0 from the general fund to the Commission on Higher Education (CHE) for expenditure in fiscal year 2005 for youth college expenses.

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