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	McSorley		DATE TYPED	1/31/04		HB
SHORT TITLE		UNM Manufacturing Engineering Program				SB	354
					ANALYST		Baca

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$340.0			Recurring	General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

Duplicates HB 135

Relates to Appropriation in the General Appropriation Act

SOURCES OF INFORMATION

LFC Files

Response Received From

Commission on Higher Education (CHE)

SUMMARY

Synopsis of Bill

Senate Bill 354 appropriates $340 thousand from the general fund to the Board of Regents of the University of New Mexico (UNM) for the incremental expansion of the manufacturing engineering special project funding for phase two operations of the manufacturing training and technology center clean room of the manufacturing engineering program.

Significant Issues

A request for this project was not included in UNM’s budget request to the UNM Board of Regents for FY05, and thus was not included in the list of priority projects submitted by UNM to the Commission on Higher Education for review.

FISCAL IMPLICATIONS

The appropriation of $340 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY05 shall revert to the general fund.

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