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F I S C A L I M P A C T R E P O R T
SPONSOR Gutierrez
ORIGINAL DATE
LAST UPDATED
1/28/08
HB 372
SHORT TITLE NMSU Kenneth Barrick Endowment Fund
SB
ANALYST Haug
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$10.0 Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
New Mexico State University (NMSU)
SUMMARY
Synopsis of Bill
House Bill 372 appropriates $10.0 from the general fund to the Board of Regents of New Mexico
State University for the Kenneth Barrick Endowment Fund.
FISCAL IMPLICATIONS
The appropriation of $10.0 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.
The HED states that this request was not on the list of priority projects submitted by NMSU to
the New Mexico Higher Education Department and was not included in the Department’s
funding recommendation for FY09.
SIGNIFICANT ISSUES
NMSU states:
Kenneth R. Barrick, an internationally renowned artist, award-winning muralist and
popular New Mexico State University art professor who taught thousands of students in