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F I S C A L I M P A C T R E P O R T
SPONSOR Taylor
DATE TYPED 03/03/05 HB 544
SHORT TITLE Lottery Scholarships for Military Dependents
SB
ANALYST Williams
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
Minimal Recurring Lottery Tuition
Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to numerous student financial aid and lottery tuition scholarship bills
SOURCES OF INFORMATION
LFC Files
New Mexico Lottery (NML)
Commission on Higher Education (CHE)
SUMMARY
Synopsis of Bill
House Bill 544 extends eligibility for lottery tuition scholarships to include qualifying students
who are dependents of New Mexico residents stationed outside of New Mexico due to service in
the United States armed forces. These students may qualify by completing a high school curricu-
lum at any public or private accredited high school or receiving a graduate equivalent diploma
and immediately attending a qualifying New Mexico educational institution. The bill limits the
authorization to eligible New Mexico residents paying New Mexico income taxes.
FISCAL IMPLICATIONS
The projected fiscal impact is expected to be minimal.
TECHNICAL ISSUES
The bill is not specific to the type of New Mexico income tax.