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F I S C A L I M P A C T R E P O R T
SPONSOR Williams
ORIGINAL DATE
LAST UPDATED
2/7/06
2/9/06 HB 517/aHEC
SHORT TITLE Community College Asteroid Studies 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)
SUMMARY
Synopsis of HEC Amendments
The House Education Committee amendments strike the word “community” from the title and
the body of the bill. The impact of this change is to clarify that the proposed program could
benefit student recruitment for all colleges.
Synopsis of Original Bill
House Bill 517 appropriates $100,000 from the general fund to the Board of Regents of New
Mexico Institute of Mining and Technology (NMTech) to improve recruitment of community
college students through participation in an asteroid and comet studies program at the Magdalena
Ridge Observatory.
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.