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F I S C A L I M P A C T R E P O R T
SPONSOR Robinson
ORIGINAL DATE
LAST UPDATED
2/7/06
HB
SHORT TITLE Value-Added Agriculture Development
SB 455
ANALYST Earp
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$65.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
New Mexico Department of Agriculture (NMDA)
SUMMARY
Synopsis of Bill
Senate Bill 455 appropriates $65,000 from the general fund to the Board of Regents of New
Mexico State University (NMSU) to support NMDA’s international border economic develop-
ment program of value-added agricultural enterprises in rural communities.
FISCAL IMPLICATIONS
The appropriation of $65,000 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
NMSU to HED for review. Consequently, this proposal has not been included in the HED fiscal
year 2007 funding recommendations to the Legislature.