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F I S C A L I M P A C T R E P O R T
SPONSOR Varela
DATE TYPED 1/28/05
HB 96
SHORT TITLE Santa Fe Small Business Development Center
SB
ANALYST Woods
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$3,000.0
Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates SB79
Relates to the appropriation for the Commission for Higher Education in the General Appropria-
tions Act.
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Commission on Higher Education (CHE)
New Mexico Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 96 Making an Appropriation for the New Mexico Small Business Development
Center at Santa Fe Community College appropriates $3,000,000 from the general fund to the
Commission on Higher Education for expenditure in fiscal year 2006 to fund the statewide New
Mexico Small Business Development Center at Santa Fe Community College in order to en-
hance existing core services and implement additional program services by:
assisting small businesses in international trade;
implementing formal business retention and expansion projects in local regions served;
supporting business incubation efforts in regions served by community colleges and local
small business development center offices;