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.
| SPONSOR: | Eisenstadt | DATE TYPED: | 1/27/99 | HB | |||
| SHORT TITLE: | UNM Institute of Public Policy | SB | 67 | ||||
| ANALYST: | Pacheco-Perez | ||||||
| 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 University of New Mexico for the purpose of establishing the institute of public service to improve the understanding, policy making and administration of government. The Institute will accomplish these goals by providing non-partisan training, research and technical assistance to public officials and community leaders and promoting civics education and citizen involvement in the political process.
Significant Issues
According to the CHE, the project proposed in this bill was not submitted in the list of eleven special project requests.
FISCAL IMPLICATIONS
The appropriation of $500.0 contained in this bill is a recurring expense to the general fund for expenditure in fiscal years 2000 and 2001. 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/prr