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F I S C A L I M P A C T R E P O R T
SPONSOR Salazar
ORIGINAL DATE
LAST UPDATED
1/30/2007
2/16/2007 HB 130/aHEC
SHORT TITLE NM State School Degree Programs
SB
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$1,000.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Higher Education Department (HED)
SUMMARY
Synopsis of HEC Amendment
House Education Committee amendment to House Bill 130 reduces the appropriation form
$3,000,000 to $1,000,000 and makes minor technical changes.
Synopsis of Original Bill
House Bill 130 appropriates $3,000,000 from the General Fund to the Board of Regents of
Northern New Mexico State School for expenditure in FY 2008 through FY 2010 to start new
Bachelor’s and Master Degree programs.
FISCAL IMPLICATIONS
The appropriation of $3,000,000 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY 2010 shall revert to the
general Fund.