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

Ingle

DATE TYPED

2/14/04

HB

 

 

SHORT TITLE

ENMU Men’s Soccer Team

SB

516

 

 

ANALYST

Baca

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

$100.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

 

Relates to Appropriation in the General Appropriation Act

 

Relates to

 

SOURCES OF INFORMATION

LFC Files

Commission on Higher Education Funding Recommendations for FY05

 

Responses Received

CHE

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 516 appropriates $100 thousand from the general fund to the Board of Regents of Eastern New Mexico University to establish a National Collegiate Athletic Association Division 2 men’s soccer team.

 

Significant Issues

 

This request was not in the list of priority projects submitted by the ENMU Board of Regents to the Commission on Higher Education for review. Consequently, this request was not included in the Commission’s funding recommendations for FY05.

 

FISCAL IMPLICATIONS

 

The appropriation of $100 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

 

In the interest of accountability, the institution receiving the appropriation in this bill shall submit a program evaluation to the Legislative Finance Committee and the Commission on Higher Education by August 2007 detailing the benefits to the State of New Mexico from having implemented this program.

 

LB/yr:dm