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F I S C A L I M P A C T R E P O R T
SPONSOR Ulibarri
ORIGINAL DATE
LAST UPDATED
1/24/08
HB
SHORT TITLE
NM Tech Ground Water Research
SB 106
ANALYST Cox
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$400.00
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Higher Education (HED)
New Mexico Energy & Minerals (EMNRD)
SUMMARY
Synopsis of Bill
Senate Bill 106 requests a $400,000 appropriation from the general fund to the Board of Regents
of the New Mexico Institute of Mining and Technology (NMT) to be expended in FY09. The
monies are directed to the geophysical research center to expand its atmospheric and ground
water research capacities.
FISCAL IMPLICATIONS
A request was submitted by NMT to the New Mexico Higher Education Department for review
and is included in the Department’s funding recommendation for FY09.
The appropriation of four hundred thousand dollars ($400,000) 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.