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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
2/12/2007
HB
SHORT TITLE
Special Student Projects At UNM
SB 381
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$120.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Department of Higher Education (HED)
Department of Public Education
SUMMARY
Synopsis of Bill
Senate Bill 381 appropriates $120,000 to the Board of Regents of the University of New Mexico
(UNM) Special Programs Office for the following:
(1) $35,000 for minority graduate recruitment and retention
(2) $35,000 for youth recreation and education
(3) $25,000 for youth leadership and development
(4) $25,000 for college preparation and mentoring
FISCAL IMPLICATIONS
The appropriation of $120,000 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.
HED points out that the intent of the funds are:
o
Fund workshops and mentorships for 22 students and 22 professors. Professors