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F I S C A L I M P A C T R E P O R T
SPONSOR Garcia, MJ
ORIGINAL DATE
LAST UPDATED
01/24/08
HB
SHORT TITLE NMSU Space Consortium & Outreach Program
SB 157
ANALYST Hanika-Ortiz
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$300.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico State University (NMSU)
New Mexico Higher Education Department (HED)
New Mexico Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 157 appropriates $300 thousand from the General Fund to NMSU in FY09 to provide
continued funding for the New Mexico Space Consortium and Outreach Program.
FISCAL IMPLICATIONS
The appropriation of $300 thousand 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.
NMSU reports that SB157 funds will be used to leverage the already stable congressional
funding level of approximately $550 thousand. Stable funding enables a base from which to offer
programs throughout the state. SB157 will assist in fulfilling the 100% mandatory matching
funds requirement. The funding primarily supports faculty salaries and student financial aid.
Tuition and fees are covered as well as stipends for summer internships which give students
opportunities to stay connected with faculty and build their careers via research projects. SB157
will enable more expansion at postsecondary institutions that began in FY08.