NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.







F I S C A L I M P A C T R E P O R T





SPONSOR: Crook DATE TYPED: 2/01/99 HB 210
SHORT TITLE: Water Quality & Conservation Projects SB
ANALYST: Pacheco-Perez


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY99 FY2000 FY99 FY2000
$ 500.0 Recurring GF



(Parenthesis ( ) Indicate Revenue Decreases)





SOURCES OF INFORMATION



Commission on Higher Education (CHE)



SUMMARY



Synopsis of Bill



This bill appropriates $500.0 to the Board of Regents of the New Mexico State University for the New Mexico Department of Agriculture for soil and water conservation districts to conduct water quality and water conservation projects statewide.



Significant Issues



According to the CHE, the project proposed in this bill was not included in the list of eleven special project requests made by the institution.



FISCAL IMPLICATIONS



The appropriation of $500.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY00 shall revert to the general fund.





OTHER SUBSTANTIVE ISSUES



According to the CHE, the state higher education funding formula allows institutions to retain 100% of earned overhead on federal grants and contracts for the purpose of providing seed money and matching funds for projects such as that proposed in this bill.



APP/gm