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committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
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F I S C A L I M P A C T R E P O R T
SPONSOR SFC
ORIGINAL DATE
LAST UPDATED
2/10/06
2/23/06 HB
SHORT TITLE 2006 Capital Projects G. O. Bond Act
SB 301/SFCS/aHTRC
ANALYST Kehoe
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$142,800.0
Non-Recurring General Obligation
Bond Capacity
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of HTRC Amendments
The House Taxation and Revenue Committee amendments reduce the original appropriated
amounts for various senior projects and various higher education projects to add four additional
higher education projects to the bill. The added infrastructure projects and amounts are as fol-
lows: $4.5 million for the New Mexico Highlands University Student Services Center; $3.5 mil-
lion for the University of New Mexico Education Complex; $2 million for the New Mexico State
University Dona Ana Health Sciences Center; and $1 million for the Western New Mexico Uni-
versity Career and Educational Technical Center.
The amendment reduces the appropriation for senior projects from $22.3 million to $15.8 million
and increases the overall amount for higher education projects from $111.5 million to approxi-
mately $118 million.
Synopsis of Original Bill
The Senate Finance Committee Substitute for Senate Bill 301 authorizes $142.8 million from
General Obligation Bond capacity.