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F I S C A L I M P A C T R E P O R T
SPONSOR Stewart
ORIGINAL DATE
LAST UPDATED
2/13/2007
HB 675
SHORT TITLE Bureau of Geology Publications
SB
ANALYST McOlash
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$25.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
SUMMARY
Synopsis of Bill
House Bill 675 appropriates $25,000 from the General Fund to the NM Tech Regents for
expenditure in FY 2008 to pay for the Bureau of Geology and Mineral Resources publications
expenses.
FISCAL IMPLICATIONS
The appropriation of $25,000 contained in this bill is a recurring expense to the General Fund.
Any unexpended or unencumbered balance remaining at the end of FY 2008 shall revert to the
General Fund.
SIGNIFICANT ISSUES
The New Mexico Bureau of Geology and Mineral Resources, established by legislation in 1927,
is a research and service division of NM Tech. It is a non-regulatory agency that serves as the
geological survey for the State of New Mexico. The bureau's publishing program serves both the
professional geologic community and the public, including special publications for more than
3,000 science teachers (HED Analysis).