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F I S C A L I M P A C T R E P O R T
SPONSOR Morales
ORIGINAL DATE
LAST UPDATED
1/22/08
HB
SHORT TITLE WNMU Economic Development Course
SB 75
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$200.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Higher Education Department - HED
SUMMARY
Synopsis of Bill
Senate Bill 74 appropriates $200,000 (two hundred thousand dollars) from the general fund to
the Board of Regents of Western New Mexico University to plan and implement a basic
economic development course in the Republic of Mexico. The basic course would be
internationally accredited.
FISCAL IMPLICATIONS
The appropriation of two hundred thousand dollars ($200,000) 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.
This request was submitted by WNMU to the New Mexico Higher Education Department for
review but is not included in the Departmental funding recommendation for FY09
.
The HED’s evaluation table of FY09 Research and Public Service Projects provided to the LFC
classifies this project as a “does not fit within HED priorities for Higher Education" project.
Reasons for this classification decision are not provided. (LFC Report 07-20, Higher Education
Department Review of Selected
Research and Public Service Projects, January 12, 2008, Table 4,
p74.)