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F I S C A L I M P A C T R E P O R T
SPONSOR B. Lujan
ORIGINAL DATE
LAST UPDATED
2/9/2007
HB 744
SHORT TITLE Farmer-to-Farmer Education Program
SB
ANALYST McOlash
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$100.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Department of Agriculture (NMDA)
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
House Bill 744 appropriates $100,000 from the General Fund to the NMSU Regents for NMDA
for expenditure in FY 2008 for a Farmer-to-Farmer Education Pilot Program.
FISCAL IMPLICATIONS
The appropriation of $100,000 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY 2008 shall revert to the
General Fund.
Both NMDA and HED categorize the expenditures as non-recurring. NMDA admits, however, it
may make sense to make the funds available on a recurring basis in order for long-term benefits
to accrue as a result of this program.