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F I S C A L I M P A C T R E P O R T

SPONSOR Lujan

DATE TYPED 02/14/05 HB 470

SHORT TITLE NM Highlands Leadership & Policy Institute

SB

ANALYST Williams

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

$500.0

Recurring General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Commission on Higher Education (CHE)

SUMMARY

Synopsis of Bill

House Bill 470 appropriates $500 thousand from the general fund to the board of regents of New

Mexico Highlands University to plan and develop the Highlands University Leadership and Pol-

icy Institute.

FISCAL IMPLICATIONS

The appropriation of $500 thousand contained in this bill is a recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of FY06 would revert to

the general fund.

OTHER SUBSTANTIVE ISSUES

This project was not included in the list of priority projects submitted to CHE for review.

POSSIBLE QUESTIONS

1.

What would be the focus of the Leadership and Policy Institute.

2.

How would accomplishments be determined.

AW/sb