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F I S C A L I M P A C T R E P O R T
SPONSOR Nava
ORIGINAL DATE
LAST UPDATED
1/25/2008
HB
SHORT TITLE NM Tech Summer Science Program
SB 295
ANALYST McOlash
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates HB 45.
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
Senate Bill 295 appropriates $50,000 from the General Fund to the Board of Regents of New
Mexico Institute of Mining and Technology (NMIMT) for expenditure in FY09 to provide
scholarships to cover the tuition for New Mexico high school students attending a Summer
Science Program (SSP). The program is intended to recruit New Mexico students considering
careers in a scientific field.
FISCAL IMPLICATIONS
The appropriation of $50,000 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY 2009 shall revert to the
General Fund.