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F I S C A L I M P A C T R E P O R T
SPONSOR Larranaga
ORIGINAL DATE
LAST UPDATED
1/27/06
HB 101
SHORT TITLE NMSU Agriculture Leadership Program
SB
ANALYST Earp
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$100.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
New Mexico State University (NMSU)
SUMMARY
Synopsis of Bill
House Bill 101 appropriates $100,000 from the general fund to the Board of Regents of New
Mexico State University (NMSU) to establish an agriculture leadership program in the College
of Agriculture and Home Economics.
FISCAL IMPLICATIONS
The appropriation of $100,000 contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall revert
to the general fund.
SIGNIFICANT ISSUES
This request was not in the list of priority projects submitted by NMSU to the Higher Education
Department (HED) for review. Consequently, this request was not included in HED's funding
recommendation for fiscal year 2007.