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F I S C A L I M P A C T R E P O R T
SPONSOR Heaton
ORIGINAL DATE
LAST UPDATED
1/21/08
HB 64
SHORT TITLE NM TECH Math & Science Career Preparation
SB
ANALYST Haug
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$50.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Higher Education Department (HED)
Public Education Department (PED)
SUMMARY
Synopsis of Bill
House Bill 64 appropriates $50.0 from the general fund to the Board of Regents of New Mexico
Institute of Mining and Technology for an organization dedicated to preparing students for
careers in mathematics, engineering and the sciences to provide, in Carlsbad, a one week in
depth summer program in the science of energy for high school students in Southeast New
Mexico. The summer program is to be conducted in partnership with the New Mexico State
University Center for Environmental Monitoring in Carlsbad.
FISCAL IMPLICATIONS
The appropriation of $50.0 contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance remaining at the end of fiscal year 2009 shall revert to the
general fund.
The HED states that this request was not submitted by NM Tech to the New Mexico Higher
Education Department for review and is not included in the Department’s funding
recommendation for FY09.