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F I S C A L I M P A C T R E P O R T
SPONSOR Martinez. R.C.
ORIGINAL DATE
LAST UPDATED
1/28/08
HB
SHORT TITLE School Math & Science Supercomputer Training
SB 217
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
State Department of Public Education – PED
Department of Higher Education - HED
SUMMARY
Synopsis of Bill
:
Senate Bill 217 would provide two hundred thousand dollars ($200,000) from the General Fund
to the Board of Regents of New Mexico Institute of Mining and Technology (NMIMT) for
expenditure in fiscal year 2009 for a statewide program that provides training in supercomputers
for middle and high school students and improves teaching techniques in science, mathematics,
engineering and technology.
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 not submitted by NM Tech to the New Mexico Higher Education Department
for review. The Department’s funding recommendation for FY09 is a continuance of FY08
recurring funding in the amount of $60,000.