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 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	Altamirano		DATE TYPED	02/18/04		HB
SHORT TITLE		Additional Fees for Texas Resident Students				SB	544
					ANALYST		Williams

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05
			(520.0)	Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to HB 330, SB 357

SOURCES OF INFORMATION

LFC Files

Commission on Higher Education (CHE)

SUMMARY

Synopsis of Bill

Senate Bill 544 revises current statute to authorize an additional fifteen percent tuition charge for those students currently qualifying for in-state tuition under the provisions of the Texas 135-mile tuition waiver program.

FISCAL IMPLICATIONS

Based on the number of participants in the Texas 135-mile tuition waiver program in academic year 2002-2003, CHE estimates the bill would generate about $520 thousand in additional revenue for FY05. Credit would be taken for this additional tuition revenue through the higher education funding formula, thus, reducing the state general fund appropriation to New Mexico State University, Eastern New Mexico University and Western New Mexico University by $520 thousand.

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