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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
3/10/07
H
B
SHORTTITLE
UNM INTERAMERICAN COOPERATION PROGRAM
SB 377
ANALYST Baca
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to Appropriation in the General Appropriation Act
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Higher Education Department (NMHED)
SUMMARY
Synopsis of Bill
Senate Bill 377 appropriates fifty thousand dollars from the general fund to the Board of
Regents of the University of New Mexico for expenditure in FY08 to pay for an Inter-American
Cooperation and Development Program.
FISCAL IMPLICATIONS
The appropriation of $50,000 contained in this bill 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.
SIGNIFICANT ISSUES
The NMHED reports that:
The Inter-American Cooperation and Development Program is a joint effort between the
Inter-American Institute for Advanced Studies (IMEAM) of the Organization of