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
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whereas HTML versions may not.
Previously issued FIRs and attachments may also be obtained from the LFC
in
|
SPONSOR |
Robinson |
DATE TYPED |
|
HB |
|
||
|
SHORT
TITLE |
|
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
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
LB/njw