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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 Nava
ORIGINAL DATE
LAST UPDATED
2-10-2007
HB
SHORT TITLE NM Golden Apple Program
SB 246
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$500.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
*Relates to Appropriations in the General Appropriations Act.
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 246 appropriates $500 thousand from the general fund for expenditure in FY08 to the
Public Education department to support the Golden Apple program in support of New Mexico
teachers.
FISCAL IMPLICATIONS
The appropriation of $500 thousand contained in Senate Bill 246 is a recurring expense to the
General Fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall
revert to the General Fund.
The LFC remains concerned with funding initiatives outside of the funding formula as it tends to
dis-equalize school funding and diverts funding away from core educational needs.