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F I S C A L I M P A C T R E P O R T
SPONSOR Stewart
ORIGINAL DATE
LAST UPDATED
2/16/2007
HB 1196
SHORT TITLE
NM TECH Water Resource Assessment Coordination
Center
SB
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$75.0
Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Department of Higher Education (HED)
SUMMARY
Synopsis of Bill
House Bill1196 appropriates $75,000 from the General Fund to the Board of Regents of New
Mexico Institute of Mining and Technology (NM Tech) to pay for a Water Resource Assessment
Coordination Center. Any unexpended funds will revert to the General Fund at the end of FY08.
FISCAL IMPLICATIONS
The appropriation of $75,000 contained in this bill is a non-recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the
general fund.
SIGNIFICANT ISSUES
This request was not on the list of priority projects submitted by NM Tech to the
New Mexico Higher Education Department (NMHED) for review and was not included in the
Departments funding recommendation for FY08.
The New Mexico Bureau of Geology and Mineral Resources, established by legislation in 1927,