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	Aragon		DATE TYPED	1/27/04		HB
SHORT TITLE		NM Quality Awards Program				SB	175
					ANALYST		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$100.0			Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

State Department of Public Education (SDPE)

Economic Development Department (EDD)

SUMMARY

Synopsis of Bill

Senate Bill 175 appropriates $100 thousand from the general fund to the Economic Development Department (EDD) to administer the New Mexico quality awards program for business, education, government and health care. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall revert to the general fund.

Significant Issues

Quality New Mexico establishes and recognizes businesses in relation to the Baldridge criteria in order to educate, encourage, and reward quality in business, education, government and healthcare.

FISCAL IMPLICATIONS

The appropriation of $100.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall revert to the general fund.

OTHER SUBSTANTIVE ISSUES

According to the State Department of Public Education (SDPE), this bill enhances education efforts and assists educators with a process that has positive results for students and schools. This bill supports a systematic process for improving student achievement by promoting and supporting continuous quality improvement processes in schools.

RLG/yr