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F I S C A L I M P A C T R E P O R T
SPONSOR Nunez
ORIGINAL DATE
LAST UPDATED
2/05/06
2/10/06 HB 546/aHBIC
SHORT TITLE Technology Maturation Program
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$250.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Economic Development Department (EDD)
SUMMARY
Synopsis of HBIC Amendment
The House Business and Industry Committee amendment further specifies the purpose of the ap-
propriation to include “providing technical assistances to entrepreneurs for commercializing
technology development projects in New Mexico.”
Synopsis of Original Bill
House Bill 546 appropriates $250 thousand from the general fund to Economic Development
Department to pay for a technology maturation program.
FISCAL IMPLICATIONS
The appropriation of $250 thousand contained in this bill is a recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall
revert to the general fund.