NOTE:  As provided in LFC policy, this report is intended only 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 for other purposes.

 

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

 

 

 

SPONSOR:

Ingle

 

DATE TYPED:

01/30/03

 

HB

 

 

SHORT TITLE:

ENMU Athletic Program Expansion

 

SB

334

 

 

ANALYST:

Gilbert

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$200.0

 

 

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC Files

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 334 appropriates $200.0 to the Board of Reagents of Eastern New Mexico University to expand their athletic program.

 

FISCAL IMPLICATIONS

 

The appropriation of $200.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY04 shall revert to the general fund.

 

OTHER SUBSTANTIVE ISSUES

 

Funding for this program was not included in the FY04 New Mexico Commission on Higher Education final funding recommendations report, dated December 2002.

 

RLG/sb