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F I S C A L I M P A C T R E P O R T
SPONSOR Garcia, M. J.
ORIGINAL DATE
LAST UPDATED
1/28/06
HB
SHORT TITLE NMSU Arrowhead Center Economic Development SB 96
ANALYST Hoffmann
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$300.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates HB 184.
Relates to Appropriation in the General Appropriation Act
SOURCES OF INFORMATION
LFC Files
New Mexico State University’s Arrowhead Center (NMSUAC)
No Response
New Mexico Economic Development Department (NMEDD)
New Mexico Higher Education Department (HED)
SUMMARY
Synopsis of Bill
Senate Bill 96 appropriates $300,000 from the general fund to New Mexico State University for
the support of economic development programs at Arrowhead Center, Incorporated.
FISCAL IMPLICATIONS
The appropriation of $300,000 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.
There is a recurring request in the general appropriation act in the amount of $72,000, making
NMSU’s total request $372,000.