Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
if they are used for other purposes.
Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).
Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and
attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.
F I S C A L I M P A C T R E P O R T
SPONSOR Salazar
ORIGINAL DATE
LAST UPDATED
1/23/08
HB 132
SHORT TITLE New Northern NM State School Bachelor Degrees SB
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$1,000.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Higher Education Department
Responses Received From
Higher Education Department
SUMMARY
Synopsis of Bill
HB132 appropriates one million dollars ($1,000,000) from the General Fund to the Board of
Regents of Northern New Mexico College to start Bachelor Degree programs.
FISCAL IMPLICATIONS
This proposal was submitted to NMHED by NNMC for the Teacher Education program, but was
not included in the Department’s funding recommendation for FY09.
The appropriation of one million dollars ($1,000,000) contained in this bill is a recurring expense
to the General Fund. Any unexpended or unencumbered balance remaining at the end of fiscal
year 2009 shall revert to the General Fund.
SIGNIFICANT ISSUES
HED notes that funds will be used for the start up of six degree programs (Teacher Education,
Business Administration, Biology, Environmental Science, Information Technology, and
Integrative Healing):