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 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

Heaton

DATE TYPED

02/05/04

HB

436

 

SHORT TITLE

National Cave and Karst Research Institute

SB

 

 

 

ANALYST

Williams

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

 

 

No Fiscal

 Impact

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Relates to research and public service project funding in the General Appropriation Act at New Mexico Institute of Mining and Technology; HAFC substitute for HB2 includes $321.9 thousand recurring general fund appropriation for FY05.

 

REVENUE

 

Estimated Revenue

Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

 

 

 

 

 

See Narrative

Recurring

OSF/NMIMT

 

 

 

 

 

(Parenthesis ( ) Indicate Revenue Decreases)

 

SOURCES OF INFORMATION

LFC Files

 

No Response Received

Commission on Higher Education

 

SUMMARY

 

Synopsis of Bill

 

House Bill 436 provides statutory authorization for the Cave and Karst Research Institute as a division of the New Mexico Institute of Mining and Technology.  The Institute is charged with furthering speleology, centralizing related information, promoting interdisciplinary cooperation and public education, encouraging national and international cooperating in protecting the environment and promoting and developing sustainable resource management practices.  The bill authorizes the Institute to collect fees from the sale of reports.

 

Significant Issues

 

The Governor’s budget recommendation includes a 15 percent reduction in non-statutory research and public service projects at public, post-secondary institutions.  This Institute currently exists as a non-statutory entity, and therefore is subject to proposed fiscal reductions based on this methodology.

 

FISCAL IMPLICATIONS

 

The bill does not include an appropriation, but includes an earmarked revenue source because authorized fees would be retained by New Mexico Institute of Mining and Technology.

 

ALTERNATIVES

 

Indirect cost revenues could be used as an alternative funding source.

 

POSSIBLE QUESTIONS

 

  1. What measures would be used to address performance outcomes of the Institute?

 

AW/njw:lg