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F I S C A L I M P A C T R E P O R T
SPONSOR Campos
DATE TYPED 03/18/05 HB 982
SHORT TITLE NM Future Farmers of America Scholarships
SB
ANALYST Williams
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
Minimal Recurring
Lottery Tuition
Scholarship
Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to numerous student financial aid and lottery scholarship bills
SOURCES OF INFORMATION
LFC Files
No Response Received From Commission on Higher Education (CHE)
SUMMARY
Synopsis of Bill
House Bill 982 authorizes a targeted expansion of the lottery tuition scholarship program. Spe-
cifically, the bill expands the window of eligibility between high school graduation (and GED
attainment) and enrollment in a public, post-secondary educational institution to full-time resi-
dent students who are officers of the New Mexico Future Farmers of America (FFA) organiza-
tion. The window of eligibility would be 460 days, compared to the 120 day window of eligibil-
ity for other eligible students, for a difference of 340 days.
FISCAL IMPLICATIONS
The bill does not contain an appropriation; however, the fiscal cost to the lottery scholarship fund
is estimated as minimal. The state association of the New Mexico Future Farmers of America
has a maximum of 8 officers elected to statewide office in a given year that might be eligible for
the window as defined in this bill. In effect, lottery expenditures would decline when these indi-
viduals did not continue directly from high school to college, but would be additional to the base
when they continue on to college.