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F I S C A L I M P A C T R E P O R T
SPONSOR Chavez
ORIGINAL DATE
LAST UPDATED
1/31/08
HB 490
SHORT TITLE NM Government Education Fund
SB
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Higher Education (HED)
Department of Public Education (PED)
SUMMARY
Synopsis of Bill
House Bill 478 requests an appropriation of Fifty thousand dollars ($50,000) from the General
Fund to the New Mexico Government Education Fund for expenditure in fiscal year 2008 and
subsequent fiscal years to contract for annual weeklong high school civics courses focusing on
New Mexico state government for boys and girls to be held at varying post-secondary
educational institutions in New Mexico.
FISCAL IMPLICATIONS
The appropriation of fifty thousand dollars ($50,000) 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
The New Mexico Higher Education Department’s (NMHED) analysis of this Bill focuses on the
higher education implications of the proposed legislation. Additional insight may be obtained