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F I S C A L I M P A C T R E P O R T
SPONSOR Begaye
ORIGINAL DATE
LAST UPDATED
1/30/2008
HB 323
SHORT TITLE Rural Literacy Programs
SB
ANALYST Aguilar
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$500.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to HB-2
REVENUE (dollars in thousands)
Estimated Revenue
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
FY10
$100.0
Recurring
* Not Specified
(Parenthesis ( ) Indicate Revenue Decreases)
* It appears the match will go either to the PED operating fund to be expended as part of the
program or to the Indian Education Fund for the same purpose. The match noted in HB-2 would
go to the Indian Education Fund.
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Bill 323 appropriates $500 thousand from the general fund to Public Education
Department for the purpose of providing integrated in-school, after-school and summer
supplementary literacy for children in rural areas targeting high-need, underserved populations.
The appropriation is contingent upon the receipt of matching funding of not less than $100.0
from sources other than the state of New Mexico.