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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
2/13/2007
HB
SHORT TITLE
PROMOTE THE VALUE OF COLLEGE
SB 579
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$3,000.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Department of Higher Education (HED)
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 579 appropriates $3,000,000 from the General Fund to the New Mexico Higher
Education Department (NMHED) for expenditure in FY08 to launch a statewide public
awareness and marketing campaign on the value of education beyond high school, both career-
technical education and college degree programs, for students of all ages.
FISCAL IMPLICATIONS
The appropriation of $3,000,000 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
HED indicates that this bill is a priority in HED's legislative agenda and is part of the
department's strategic priorities and goals.