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F I S C A L I M P A C T R E P O R T
SPONSOR P. Campos
ORIGINAL DATE
LAST UPDATED
1/29/08
HB
SHORT TITLE Luna College Santa Fe Trail Institute
SB 402
ANALYST Haug
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$150.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
Luna Community College (LCC)
Department of Cultural Affairs (DCA)
SUMMARY
Synopsis of Bill
Senate Bill 402 appropriates $150.0 from the general fund to the Higher Education Department
to establish the Institute on the Santa Fe trail, a study center devoted to research, publication and
interpretive materials concerning the early founding of New Mexico under Spain, Mexico and
the United States, at Luna Community College.
FISCAL IMPLICATIONS
The appropriation of $150.0 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 Luna Community College to the New Mexico Higher
Education Department for review and is not included in the Department’s funding
recommendation for FY09.