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.
SPONSOR: | Altamirano | DATE TYPED: | 1/27/99 | HB | |||
SHORT TITLE: | WNMU Nursing OTA Programs | SB | 138 | ||||
ANALYST: | Pacheco-Perez |
Recurring
or Non-Rec |
Fund
Affected | ||||
FY99 | FY2000 | FY99 | FY2000 | ||
$ 318.7 | Recurring | GF |
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
Commission on Higher Education (CHE)
SUMMARY
Synopsis of Bill
This bill appropriates $318.7 to the Board of Regents of the Western New Mexico University for the purpose of funding nursing-occupational therapy programs.
Significant Issues
According to the CHE, both nursing-occupational therapy programs generate funding through the higher education funding formula. The funding expansion proposed in this bill ranked 1st and 2nd of eight special project requests.
FISCAL IMPLICATIONS
The appropriation of $318.7 contained in this bill is a recurring expense to the general fund for expenditure in fiscal years 1999 and 2000. Any unexpended or unencumbered balance remaining at the end of FY00 shall revert to the general fund.
ADMINISTRATIVE IMPLICATIONS
According to the CHE, the project request will add a combined 6.7 FTE.
OTHER SUBSTANTIVE ISSUES
According to the CHE, the state higher education funding formula allows institutions to retain 100% of earned overhead on federal grants and contracts for the purpose of providing seed money and matching funds for projects such as that proposed in this bill. Benefits resulting from passage of this bill are indeterminate.
APP/prr:njw