[1] NOTE:  As provided in LFC policy, this report is intended only 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.

 

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

 

 

 

SPONSOR:

Papen

 

DATE TYPED:

01/29/02

 

HB

 

 

SHORT TITLE:

Expand NMSU Nursing Education

 

SB

99

 

 

ANALYST:

Fernandez

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

$1,050.0

 

 

 

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates/Relates to Appropriation in The General Appropriation Act        Relates                                   

                                                                                                                                                           

 

SOURCES OF INFORMATION

 

LFC Files

New Mexico State University (NMSU)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 99 appropriates $1,050.0 from the general fund to New Mexico State University for the purpose of hiring new faculty, purchasing equipment to expand nursing programs and to address market salary adjustments in the nursing department.

 

     Significant Issues

 

According to NMSU this funding would allow the institution to provide salary increases for existing faculty, allow hiring of additional faculty, and provide for the purchase of equipment to support nursing education. 

 

Included in HB2, is an additional appropriation in the amount of $300.0 for NMSU main campus, $20.0 for Alamogordo, $25.0 for Carlsbad, $75.0 for Dona Ana branch campuses.  The purpose of the funding is to address market salary needs, or to convert nursing faculty from a 9-month contract to a 12-month contract or to expand nursing student enrollments.

 

FISCAL IMPLICATIONS

 

The appropriation of $1, 050.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

 

NMSU may expend the funds in fiscal years 2002 and 2003, after that the higher education funding formula will kick in and generate support for this program.

 

CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP

 

Relates to HB2.  Included in HB2 is a total of $420.0 to NMSU for the purposes outlined in this bill.

 

CTF/njw


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