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F I S C A L I M P A C T R E P O R T
SPONSOR Powdrell-Culbert
ORIGINAL DATE
LAST UPDATED
2/4/06
HB 428
SHORT TITLE UNM Saturday Science & Math Academy
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)
Public Education Department (PED)
SUMMARY
Synopsis of Bill
House Bill 428 appropriates $100,000 from the general fund to the Board of Regents of the Uni-
versity of New Mexico to support the Saturday science and mathematics academy mentorship
program to prepare minority children for college studies.
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 proposal was not included among the special program funding requests submitted by the
University of New Mexico to the Higher Education Department (HED) for review. Conse-
quently, this proposal has not been included in the HED fiscal year 2007 funding recommenda-
tions to the Legislature.