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.



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 Suite 101 of the State Capitol Building North.





F I S C A L I M P A C T R E P O R T





SPONSOR: Lopez DATE TYPED: 02/13/01 HB
SHORT TITLE: UNM Institute for Human Resource Development SB 552
ANALYST: Gilbert


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 150.8 Recurring GF



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



LFC Files



Commission for Higher Education (CHE) - No Response



SUMMARY



Synopsis of Bill



Senate Bill 552 appropriates $150.8 from the general fund to the Board of Regents of the University of New Mexico (UNM) for human resources development at the UNM Continuing Education Center.



Significant Issues



Funding in this bill will allow the UNM Continuing Education Center to create a statewide institute for human resource development.



FISCAL IMPLICATIONS



The appropriation of $150.8 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY02 shall revert to the general fund.





OTHER SUBSTANTIVE ISSUES



The following is provided for information only. It is not intended as a commentary on the merits of the program/project:



This program was not included in UNM's budget request to the UNM Board of Regents, and thus was not submitted by UNM to the Commission on Higher Education (CHE) for review.



The CHE did not recommend funding this program expansion.

LG/prr