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	Sanchez,M		DATE TYPED	2-8-04		HB
SHORT TITLE		Belen Schools Library Materials				SB	390
					ANALYST		Segura

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
	$25.0			Recurring	GF

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

New Mexico Public Education Department (PED)

SUMMARY

Synopsis of Bill

Senate Bill 390 appropriates $25.0 to PED to purchase library materials for the Belen Consolidated Schools.

Significant Issues

PED indicates that if Senate Bill 390 is enacted, the department would administer the monies for the Belen Consolidated School District, which would be used to purchase library materials, including DVD players, TV’s, and other audio-video equipment, for the new middle school.

FISCAL IMPLICATIONS

Senate Bill 390 appropriates $25.0 from the general fund and is recurring.

ADMINISTRATIVE IMPLICATIONS

PED would administer the funding for the Belen Consolidated School District.

OTHER SUBSTANTIVE ISSUES

According to PED, Senate Bill 390 supports the public schools’ core performance measures and benchmarks in reading/language arts as well as in other content areas.

If Senate Bill 390 is not enacted, the district will have to identify other funding sources to equip the new middle school library.

RS/njw