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

Moore

DATE TYPED

2/8/04

HB

142/aHAFC

 

SHORT TITLE

NMSU Off-Campus Facility Repairs

SB

 

 

 

ANALYST

Kehoe

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

 

 

NFI

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

 

SOURCES OF INFORMATION

 

LFC Files

NM Commission of Higher Education (CHE)

 

SUMMARY

 

      Synopsis of HAFC Amendments

 

The House Appropriation & Finance Committee amendments to House Bill 142 strike the appropriation in its entirety.

 

Synopsis of Original Bill

 

House Bill 142 establishes an agricultural building repair and maintenance fund at New Mexico State University (NMSU) for certain off-campus facilities; and appropriates $180 thousand from the general fund to the Board of Regents of New Mexico State University to the fund.

 

Significant Issues

 

House Bill 142 appropriates $180 thousand to an agricultural building repair and maintenance fund to be used for repairs and maintenance at the agricultural experiment stations, agriculture science centers and other agriculture-related facilities of the university or the New Mexico Department of Agriculture that are located off-campus or outside the boundaries used for expenditures from other university building repair and maintenance funds.

 

According to CHE, their 2004-2005 recommendation to the Legislature of priority needs includes $179,000 for on-going maintenance and repair of agricultural research centers statewide.

 

FISCAL IMPLICATIONS

 

The appropriation of $180 thousand contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall not revert to the general fund.

 

LMK/lg:njw