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F I S C A L I M P A C T R E P O R T
SPONSOR Youngsberg
ORIGINAL DATE
LAST UPDATED
2/8/06
HB 642
SHORT TITLE Latin American Institute Study Abroad Program
SB
ANALYST Earp
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$60.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to Senate Bill 582
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Bill 642 appropriates $60,000 from the general fund to the Board of Regents of the Uni-
versity of New Mexico (UNM) to support the Latin American and Iberian Institute study abroad
program.
FISCAL IMPLICATIONS
The appropriation of $60,000 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 UNM
to the Higher Education Department (HED) for review. Consequently, this proposal has not
been included in the HED fiscal year 2007 funding recommendations to the Legislature.