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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
2/5/07
HB
SHORT TITLE UNM Regional Studies Center Professorships
SB 398
ANALYST Leger
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$1,000.0 Nonrecurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to SB 398
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Higher Education Department (HED)
SUMMARY
Synopsis of Bill
Senate Bill 398 appropriates $1 million from the general fund to the Board of Regents of the
University of New Mexico (UNM) for the purpose of providing professorships at the center of
regional studies.
FISCAL IMPLICATIONS
The appropriation of $1 million contained in this bill is a nonrecurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall not revert to
the general fund.
SIGNIFICANT ISSUES
According to HED the appropriation in SB 398 would be added to the existing endowment fund
to support additional professorships. The funds shall not revert but be added to the fund. The
university could hire four or five additional professors.