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if they are used for other purposes.

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

SPONSOR Komadina

DATE TYPED 02/11/05 HB

SHORT TITLE Tuition Scholarship Eligibility

SB 822

ANALYST Williams

APPROPRIATION

Appropriation Con-

tained

Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05 FY06 FY05

FY06

Indeterminate, but

very large

Recurring Lottery Tuition Scholar-

ship Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to numerous lottery scholarship and student financial aid bills.

SOURCES OF INFORMATION

LFC Files

No information available from Commission on Higher Education

SUMMARY

Synopsis of Bill

Senate Bill 822 effectively extends the lottery scholarship program to any New Mexico high

school graduate or graduate equivalent diploma (GED) who meets the other conditions of eligi-

bility such as New Mexico resident and full-time enrollment with a 2.5 GPA for college course-

work. The bill further removes the limitation for eligibility as it applies to completion of honor-

able service or medical discharge from the service.

Significant Issues

The bill effectively opens the lottery tuition scholarship program by eliminating the requirement

to immediately attend a public, post-secondary institution after high school graduation.

FISCAL IMPLICATIONS

Given that the bill opens the lottery tuition scholarship program to any New Mexico high school

graduate, GED recipient or veteran meeting other eligibility requirements, the fiscal impact on

the lottery tuition scholarship fund is indeterminate, but potentially very large.

AW/sb