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| SPONSOR: | Miera | DATE TYPED: | 2/09/99 | HB | 422 | ||
| SHORT TITLE: | At Risk Youth & Family Program | SB | |||||
| ANALYST: | Pacheco-Perez | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| $ 275.0 | Recurring | GF | |||
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
Commission on Higher Education (CHE)
SUMMARY
Synopsis of Bill
This bill appropriates $275.0 to the Board of Regents of the University of New Mexico for the purpose of contracting for the operation of a program that provides recreational, educational and cultural activities for at-risk youths and their families. The program shall be made available in communities throughout the state to include Indian reservations and pueblos. UNM's Institute for Social Research shall conduct an evaluation of the program's effectiveness and report its findings to the LFC.
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 $275.0 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. Of this indirect cost revenue, a portion is used to support salaries of administrative persons monitoring the contracts, utilities and other overhead expenses required to maintain the activities of the contract. However, a great deal of the indirect cost revenues is available to develop new research and public service projects as well as to expand academic departments. The revenue is unrestricted in the sense that the governing board of the institution has the flexibility to chose which projects are supported with these funds.
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