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F I S C A L I M P A C T R E P O R T
SPONSOR Youngberg
DATE TYPED 02/25/05 HB 714
SHORT TITLE Expand Lottery Scholarship Eligibility
SB
ANALYST Williams
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
($1.0) Recurring
Lottery Tuition
Scholarship
Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to numerous lottery scholarship and student financial aid bills
SOURCES OF INFORMATION
LFC Files
New Mexico Lottery Authority
Public Education Department
No Response Received From Commission on Higher Education
SUMMARY
Synopsis of Bill
House Bill 714 effectively extends the lottery scholarship program to any high school graduate
or graduate equivalent diploma (GED) from any state who meets the other conditions of eligibil-
ity such as New Mexico resident and full-time enrollment with a 2.5 GPA for college course-
work. Further, the window of eligibility from high school graduation to post-secondary enroll-
ment is extended to two years. Finally, the bill extends the eligibility window to two years as it
applies to completion of honorable service or medical discharge from the service.
Other technical clean-up language is included to update statute in that all net income from the
New Mexico Lottery Authority is transferred to the lottery tuition scholarship fund. Since FY02,
the public school capital outlay fund no longer receives any revenue from lottery sales. In 2002,
the Legislature created the Public School Capital Outlay Task Force, whose primary statutory
responsibility was to recommend a permanent and long-term revenue source for public school
capital projects. As a result, supplemental severance tax bonds have been designated as the per-
manent revenue stream for public school capital outlay.