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

Robinson

DATE TYPED

2/5/04

HB

 

 

SHORT TITLE

UNM College Preparatory Mentoring Programs

SB

419

 

 

ANALYST

 

Baca

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

$150.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

 

 

Relates to Appropriation in the General Appropriation Act

 

 

SOURCES OF INFORMATION

LFC Files

Commission on Higher Education Funding Recommendations for FY05 (CHE)

 

Responses Received From

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 419 appropriates $150 thousand from the general fund to the Board of Regents of the University of New Mexico (UNM) to support the Special Programs Office implementation of college preparatory mentoring programs for eighth graders in the Albuquerque Public Schools.

 

Significant Issues

 

This request was not among those submitted for FY05 funding by the UNM Board of Regents to the CHE.  Consequently, the Commission did not review it.

 

FISCAL IMPLICATIONS

 

The appropriation of $150 thousand 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.

 

 

OTHER SUBSTANTIVE ISSUES

 

To foster and ensure accountability, the institution receiving the appropriation in this bill should submit a program evaluation to the Legislative Finance Committee and the Commission on Higher Education by a date to be determined by the Commission detailing the benefits to the State of New Mexico from having implemented this program.

 

LB/njw