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F I S C A L I M P A C T R E P O R T
SPONSOR Garcia, MP
ORIGINAL DATE
LAST UPDATED
014/30/08
HB 508
SHORT TITLE UNM Land Grant Studies Program
SB
ANALYST Escudero
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$25.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates To: SB61
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
Department of Cultural Affairs (DCA)
University of New Mexico (UNM)
SUMMARY
Synopsis of Bill
House Bill 508 appropriates $25.0 from the general fund to the Board of Regents of the
University of New Mexico (UNM) for expenditure in FY09 to develop a Land Grant Studies
Program in coordination with the UNM School of Law, Center for Regional Studies, and the
Southwest Hispanic Research Institute.
FISCAL IMPLICATIONS
The appropriation of $25.0 contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance remaining at the end of FY09 shall revert to the general
fund.
A request was submitted by UNM to the New Mexico Higher Education Department (NMHED)
for review, but is not included in the Departments funding recommendation for FY09.
The HED’s evaluation table of FY09 Research and Public Service Projects provided to the LFC