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F I S C A L I M P A C T R E P O R T
SPONSOR Saavedra
DATE TYPED 1/26/05
HB 57
SHORT TITLE Manufacturing Extension Services
SB
ANALYST Rosen
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$500.0
Indeterminate Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates SB78
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 57 appropriates $500.0 from the general fund to EDD for expenditure in FY05 and
FY06 to contract for manufacturing extension services. House Bill 57 contains an emergency
clause.
Significant Issues
The appropriation in this bill is contingent upon the receipt of money from the National Institute
of Standards & Technology (NIST) to operate a manufacturing center, approved by NIST, in
New Mexico.
FISCAL IMPLICATIONS
The appropriation of $500.0 contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance at the end of FY06 shall revert to the general fund