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





SPONSOR: Smith DATE TYPED: 02/18/99 HB
SHORT TITLE: Continue Current Lottery Revenue Distribution SB 550
ANALYST: Pacheco-Perez


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY99 FY2000 FY99 FY2000
None



(Parenthesis ( ) Indicate Revenue Decreases)



Duplicates/Conflicts with/Companion to/Relates to



SOURCES OF INFORMATION



LFC Files



SUMMARY



Synopsis of Bill



This bill amends Section 21-1-4.3 to allow lottery tuition scholarship eligibility to out-of-state high school graduates pursuant to Subsection A of Section 22-8-30 or students who are attending school out-of-state because school facilities are not reasonably available in the school district of their residence, [Compulsory School Attendance Law, Section 22-12-1 to 22-12-7 NMSA 1978]. This bill repeals the lottery tuition fund sunset and carries an emergency clause.



Significant Issues



The bill also amends the requirement that all eligible students "maintain" a grade point average of 2.5 to that they "obtain" a grade point average of 2.5.



FISCAL IMPLICATIONS



This bill does not make an appropriation, but allows for the continuation of the lottery tuition scholarship program.



APP/njw