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F I S C A L I M P A C T R E P O R T
SPONSOR HEC
ORIGINAL DATE
LAST UPDATED
2/7/08
HB 638/HECS
SHORT TITLE Veterinary Education
SB
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$125.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico State University (NMSU) (verbal)
SUMMARY
Synopsis of Bill
House Education Committee Substitute for House Bill 638 appropriates one hundred twenty five
thousand dollars ($125,000) from the General Fund to the Higher Education Department for the
purpose of supporting veterinary education through the Western Interstate Commission for
Higher Education (WICHE).
FISCAL IMPLICATIONS
The appropriation of one hundred twenty five thousand dollars ($125,000) 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.
The cost of New Mexico’s participation the WICHE ‘loan for service’ program has increased
3.4% in FY 2009 among the individual field of study support fees.
HB 2 presently funds the WICHE Veterinary Medicine reciprocal program with $1,115,200.
This additional $125,000 funding will increase the number of “slots’ or students in the Western
Interstate Commission for Higher Education veterinary education, according to NMSU.