NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.
The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.
Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.
| SPONSOR: | Abeyta | DATE TYPED: | 03/04/99 | HB | 763 | ||
| SHORT TITLE: | Limit Lottery Tuition Scholarship Eligibility | SB | |||||
| ANALYST: | Pacheco-Perez | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| NA | $ (2,817.5) | Recurring | Lottery Tuition Fund | ||
(Parenthesis ( ) Indicate Revenue Decreases)
Relates to HB9, HB23, HB259, HB736, HB811, SB13, SB14, SB126 SB251, SB527, SB550 SB652, SB669, SB691, SB729
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
This bill amends the lottery tuition scholarship program, providing 100% of net lottery revenues to the lottery tuition fund and changing eligibility such that students receiving a lottery scholarship have exceptional financial need. Students with exceptional financial need are defined to be students with the lowest expected family contribution as determined for financial aid purposes pursuant to federal law in the year in which each student qualifies for a lottery tuition scholarship. This bill also repeals Laws 1995, Chapter 155, Section 38. This bill carries an emergency clause.
FISCAL IMPLICATIONS
While this bill does not make an appropriation, the impact of limiting lottery scholarship eligibility will result in a savings of $2,817.5 to the lottery tuition fund.
According to the CHE, current eligibility is expected to outpace anticipated net lottery revenues. The CHE expects to reduce current awards to 80% to 90% of tuition for future years.
CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP
This bill relates to House Bills 9, 23, 259, 736, and 811; and Senate Bills 13, 14, 126, 251, 527, 550, 652, 669, 691 and 729 all of which deal with redistribution of lottery net revenue or change eligibility for the lottery tuition scholarships.
APP/njw