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F I S C A L I M P A C T R E P O R T
SPONSOR McSorley
ORIGINAL DATE
LAST UPDATED
1-24-2008
HB
SHORT TITLE Public Service Law Loan Repayment Changes
SB 122
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$0.0
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
Senate Bill 122 carries no appropriation or fiscal impact. If enacted, Senate Bill 122 will shield
applicants’ military income from an eligibility determination for participation in the Public
Service Law Loan Repayment program. Additionally, the legislation includes an additional
provision allowing appeal to the Secretary of the Higher Education department upon an (adverse)
award determination.
FISCAL IMPLICATIONS
Senate Bill 122 would amend current statute 21-22F NMSA 1978. The amendment proposes to
prohibit consideration of income from military service in awards under the public service law
loan repayment act and to provide for an appeal of an award determination. Impact on the
general fund is indeterminate.
SIGNIFICANT ISSUES
Eligible applicants’ salaries from eligible organizations cannot exceed $45,000. Eligible
applicants must have applied to all available legal educational loan repayment programs offered
by the applicant’s law school. Annual awards cannot exceed $7,200 and must be reduced by the
sum of any other loan repayment awards the applicant is receiving.