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F I S C A L I M P A C T R E P O R T
SPONSOR Altimarano
ORIGINAL DATE
LAST UPDATED
2/12/07
HB
SHORT TITLE
NM Tech Energetic Materials Research Center
SB 516
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$570.0
Recurring
General Fund
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
Senate Bill 516 requests an appropriation of $570,000 from the General Fund to the Board of
Regents of New Mexico Institute of Mining and Technology (NM Tech) for expenditure in FY07
and FY08 for expansions and upgrades at the Energetic Materials Research and Testing Center.
This bill includes Section 2. EMERGENCY CLAUSE.--It is necessary for the public peace,
health and safety that this act takes effect immediately.
FISCAL IMPLICATIONS
The appropriation of $570,000 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. This bill requests an increase in recurring funds in the amount of $570,000.
According to the director of planning, the funds are needed to begin a program to avoid losing
federal funding. The bill declares an emergency for public safety in order to allow spending of
the funds in current FY07. Most of these funds are for physical facilities and to expand the
EMRTC program.
SIGNIFICANT ISSUES
The Energetic Materials Research and Testing Center (EMRTC), affiliated with New Mexico
Tech, are internationally recognized and has over fifty years of expertise in explosives research
and testing.